In order for a firm to earn economic profits, price must exceed average total cost.

a. True

b. False

Which of the following is an example of an action that is part of making a rational choice

Jack is buying the Padillas' home. He makes his offer and in his terms states, he wants all the window treatments, refrigerator, and microwave to be part of the sale.

Describe the potential risks of permitting romance in the workplace. How, and to what degree may these risks affect the organization and its employees?

For online Person Finance / Econ class ... Which activity is done in Step 2 of comparison shopping? Research a product. Assess the purchase objectively. Compare prices and features. Buy a product.

If, in a perfectly competitive industry, the market price facing a firm is above its average total cost at the output where marginal revenue equals marginal cost, then existing firms will exit the industry. new firms are attracted to the industry.

Suppose there is a bill to increase the tax on cigarettes by $1 per pack coupled with an income tax cut of $500.

Alex has a new idea for a way to cut costs in his department, but he is not willing to share his idea with his boss because the last department head that tried new cost cutting methods was recently fired because the new methods could not achieve

According to herzberg, the difference between motivators and hygiene factors is: overall, motivators relate to greater job satisfaction, while hygiene factors make the work place a satisfying place to thrive.

Which of the following changes can take place in the long run? A. labor force b. machinery c. Technology. D. All of these can be changed in the long run

During the month of July, Clanton Industries issued a check in the amount of $767 to a supplier on account. The check did not clear the bank during July. In preparing the July 31 bank reconciliation, the company should: