Firms That Employ Exceptionally Productive Resources

question 81

Multiple Choice

Firms that employ exceptionally productive resources

• A)have lower costs than other firms in the industry and are able to earn positive economic profit in the long run.
• B)earn zero economic profit.
• C)will typically have to pay the exceptional resource economic rent equal to the reduction in cost due to employing the exceptionally productive resource.
• D)both a and b
• E)both b and c

Grasp the significance of sexual and social motives in human behavior.

Understand the effects of varying blood alcohol concentration (BAC) levels on the human body.

Recognize the health effects associated with cigarette smoking.

Identify high-risk drinking guidelines for men.

---

Definitions:

Credibility

the quality of being trusted, believable, or reliable.

Documentation

The act of creating documents to record information regarding processes, systems, or transactions for future rference.

Biographic Information

Personal details about someone's life, history, and experiences.

APA References

A citation style outlined by the American Psychological Association that sets guidelines for academic papers, including formatting and referencing sources.