Profit-maximizing firms want to maximize the difference between ?

Related Mcqs:

Engineers for the All-Terrain Bike Company have determined that a 15% increase in all inputs will cause a 15% increase in output Assuming that input prices remain constant, you correctly deduce that such a change will cause ________ as output increases?

A. average costs to remain constant B. average costs to decrease C. average costs to increase D. marginal costs to increase...

If the ABC Typing Service is earning a rate of return greater than the return necessary for the business to continue operations, then ?

A. normal profit is zero B. total costs exceed total revenue C. total costs exceed normal profit D. the firm is earning are economic profit...

Assume that firms in an oligopoly are currently colluding to set price and output to maximise total industry profit. If the oligopolists are forced to stop colluding, the price charged by the oligopolists will _________ and the total output produced will __________?

A. decrease; decrease B. increase; decrease C. decrease; increase D. increase; increase...

A graph showing all the combinations capital and labor available for a given total cost is the ?

A. expenditure set B. isocost line. C. budget constraint D. isoquant...

A market is defined as perfectly contestable if ?

A. entry to it and exit from it are both costless B. entry to it and exit from it are both costly C. entry to it costless, but exit from it is costless D. entry to it is costly, but exit from it is costless...