Multiple Choice
A firm's revenue minus its factor payments equals
A) zero.
B) the profits or losses earned by the firm.
C) the quasi-rents earned by the factors of production.
D) the firm's total revenue.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q59: Increased use of machinery always hurts workers
Q60: When will the substitution effect of a
Q61: A competitive firm's demand for labor always
Q62: A monopsonist's short-run demand curve for labor
Q63: According to the standard competitive model,industries with
Q65: Suppose a firm hires labor in a
Q66: A firm can sell as many units
Q67: When labor and capital are complements in
Q68: For a regressive factor the scale effect
Q69: In the long run,a competitive firm that