Would a business be expected to survive in the long run if it earned a positive accounting profit but a negative economic profit? Explain
What will be an ideal response?
Regardless of its accounting profit, a firm making a negative economic profit is not likely to survive in the long run because it is not covering all of its implicit costs, such as the minimum amount that investors must earn on the funds they have invested in the firm.
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The figure above shows that as a result of the tariff, consumer surplus in the United States
A) decreases by $105 million per year. B) increases by $55 million per year. C) decreases by $30 million per year. D) decreases by $20 million per year. E) remains unchanged.
There is very little intergenerational mobility; the children of the rich stay rich and the children of the poor stay poor
Indicate whether the statement is true or false
A shortage occurs at any price above the equilibrium price.
a. true b. false
In 2016, ________ percent of people enrolled in health insurance marketplaces had a choice of at least three insurance companies from which to buy a policy. By 2017, ________ percent had that choice
A) 85; 57 B) 98; 18 C) 66; 79 D) 72; 88