Multiple Choice
If one defines incremental cost as the change in total cost resulting from a decision,and incremental revenue as the change in total revenue resulting from a decision,any business decision is profitable if:
A) it increases revenue more than costs or reduces costs more than revenue
B) it decreases some costs more than it increases others (assuming revenues remain constant)
C) it increases some revenues more than it decreases others (assuming costs remain constant)
D) all of the above
E) b and c only
Correct Answer:

Verified
Correct Answer:
Verified
Q3: The moral hazard in team production arises
Q4: The common factors that give rise to
Q5: Which of the following types of firms
Q6: Economic profit is defined as the difference
Q7: Managers should concentrate on maximizing shareholder value
Q9: The form of economics <u>most </u>relevant to
Q10: To reduce Agency problems,executive compensation should be
Q11: Shirking of one's duties is often encountered
Q12: Possible goals of Not-For-Profit (NFP)enterprises include all
Q13: Which of the following statements concerning the