Multiple Choice
If a company is earning a rate of return less than the return necessary for the business to continue operations in the long run, then
A) total revenue exceeds total costs.
B) total costs are less than a normal rate of return.
C) the firm's normal rate of return is zero.
D) the firm is suffering an economic loss.
Correct Answer:

Verified
Correct Answer:
Verified
Q183: Refer to the information provided in
Q184: At the Pampered Pet Salon the marginal
Q185: Use the information provided in Table
Q186: Refer to Scenario 7.8 below to answer
Q187: If the product derived from the last
Q189: The optimal method of production maximizes cost
Q190: Economic costs<br>A) include both a normal rate
Q191: Assume that the relative prices of capital
Q192: Assume the total product of two workers
Q193: A firm is operating such that the