A Recent Survey by the NFIB Found That 41 Percent

question 103

True/False

A recent survey by the NFIB found that 41 percent of small business owners say that the lack of capital is an impediment to the growth of their companies.

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Definitions:

Economic Profit

The financial discrepancy that arises from subtracting a business's comprehensive expenditures, including direct and indirect costs, from its total income.

Short Run

A time period in economics during which at least one input is fixed and cannot be changed by the firm.

Marginal Cost Curve

A graphical representation showing how the cost of producing one additional unit of a good varies with the level of production.

Average Variable Cost

The total variable cost divided by the quantity of output produced, representing the variable cost per unit of output.