If Total Revenue Is Less Than Total Costs, Then

question 111

Multiple Choice

If total revenue is less than total costs, then

• A)economic profits are positive.
• B)economic profits are zero.
• C)economic profits are negative.
• D)a firm breaks even.
• E)profits can be positive or negative, depending on other factors.

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Definitions:

Normal Distribution

A bell-shaped curve that represents the distribution of data around a mean, showing that data near the mean are more frequent in occurrence.

Weights

Measures of the heaviness of objects or individuals, often used in statistical analysis to consider the importance or influence of different observations.

Enslaved Africans

Individuals from Africa who were forcefully transported to the Americas and other places to work as slaves from the 16th to the 19th century.

North America

A continent in the Northern Hemisphere and Western Hemisphere, including countries such as Canada, the United States, and Mexico.