Owners of firms understand that lower prices will attract more customers. why can firms not always reduce prices until they increase sales and profits?
a. consumers do not always like low prices.
b. if marginal production costs exceed marginal revenues, the firm will suffer losses, not profits.
c. if opportunity cost for the consumers exceeds the firm's production costs, there can be no profit.
d. owners will never reduce prices even when it means increased profits.

Read the sentence below, then answer the question that follows. penny learned tolerance after rahj explained the traditions of his family and their practice of indian traditions. the underlined word in the sentence above can best be defined as a. a fair and understanding view of those whose culture, race, or nationality differs from one’s own b. an understanding of a set of organized beliefs and practices that are often centered around one or more deities c. the linking of a group of people based on common characteristics such as culture, beliefs, or common history d. a classification based on inherited physical or biological traits

The federal crescent is shaped like what letter

These two countries developed a strong trading relationship during the time of the renaissance. name them?