When price exceeds average variable cost in the short run, a competitive firm's marginal cost curve is regarded as its supply curve because A. among the various cost curves, the marginal cost curve is the only one that slopes upward. B. the position of the marginal cost curve determines the price for which the firm should sell its product. C. the firm is aware that marginal revenue must exceed marginal cost in order for profit to be maximized. D. the marginal cost curve determines the quantity of output the firm is willing to supply at any price.

Match the given situations to the type of risks that a business may face while taking credit. 1. beta ltd. had taken a loan from a bank for a period of 15 years, but its sales are gradually showing a decline. 2. alpha ltd. has taken a loan for increasing its production and sales, but it has not conducted any research before making this decision. 3. delphi ltd. has an overseas client. the economy of the client’s country is going through severe recession. 4. delphi ltd. has taken a short-term loan from the bank, but its supply chain logistics are not in place. a. foreign exchange risk b. operational risk c. term of loan risk d. revenue projections risk

What is the relationship between credit and debt?

Suppose a country's productivity last year was 84. if this country's productivity growth rate of 5 percent is to be maintained, this means that this year's productivity will have to be: