If the Supply of a Resource Is Fixed,then the Resource's

question 89

Multiple Choice

If the supply of a resource is fixed,then the resource's total earnings equal _____

• A)its economic rent.
• B)its economic profit.
• C)its marginal revenue cost.
• D)its marginal revenue product.
• E)its opportunity cost.

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Definitions:

Consistency

The quality of always behaving or performing in a similar way, ensuring reliability and accuracy.

Vision in Leadership

The ability of organizational leaders to foresee the future state of their organization and to formulate a clear strategy to guide its direction and growth.

Optimistic Picture

A positive or hopeful outlook regarding a situation or the future.

Cognitive Skills

Mental abilities and processes related to acquiring knowledge, reasoning, memory, attention, and problem-solving.