An industry in which economics profits are negative and which will, therefore, decrease its output as firms leave it?
Correct answer C. Declining industry
Tip: press A, B, C or D to answer, and N for the next question.
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See allBuilding of new factories in particular nation by corporations of other nations?
Correct answer B. Direct foreign investment
Increase in the price level at a rate greater than expected?
Correct answer D. Unanticipated
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To obtain the greates utility consumer should allocate money income so that last dollar spent on each good or service yields the same marginal utility?
Correct answer A. Law of diminishing return
Total number of monetary units received by a firm from the sale of a product is called?
Correct answer A. Total revenue
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