Profits arise because an entrepreneur:

Related MCQs

• Risks in the business arise because of:
• This is not a function of the entrepreneur:
• Profits:
• Profits:
• In order to maximize profits, a firm should produce at the output level for which
• Given the price, if the cost of production increases because of higher price of raw materials, the supply
• The economist Ricardo argued that prices were _____ because land rents were _______
• Interest is paid because
• If marginal product of labour rises because of new technology:
• Nations conduct international trade because: