A project's payback period ends when ______ .
A: A) profit maximum is realized
B: B) unit profit is realized
C: C) monthly revenue exceeds monthly costs
D: D) cumulative revenue equals cumulative costs
A: A) profit maximum is realized
B: B) unit profit is realized
C: C) monthly revenue exceeds monthly costs
D: D) cumulative revenue equals cumulative costs
举一反三
- A project's payback period ends when ______ . A: A) profit maximum is realized B: B) unit profit is realized C: C) monthly revenue exceeds monthly costs D: D) cumulative revenue equals cumulative costs
- A firm maximizes profit by operating at the level of output where A: average revenue equals average cost. B: average revenue equals average variable cost. C: total costs are minimized. D: marginal revenue equals marginal cost. E: marginal revenue exceeds marginal cost by the greatest amount.
- The break-even point is the point at which ________. A: the total revenue and total costs lines intersect B: demand equals supply C: the production of one more unit will not increase profit D: the company can pay all of its long-term debt E: a firm's profit goal is reached
- The firm maximizes economic profit by finding the rate of output at which total revenue ________ total cost ________ . A: equals; all else constant B: plus; equals C: minus; equals zero D: exceeds; by the greatest amount.
- Economic profit is A: both b and c B: the difference between total revenue and the implicit costs of using owner-supplied resources. C: the difference between accounting profit and the opportunity cost of the market-supplied resources used by the firm. D: the difference between accounting profit and explicit costs. E: the difference between total revenue and the opportunity cost of all of the resources used in production.