Economic profit is
A) equal to the firm's total revenue minus its opportunity costs.
B) an opportunity cost of operating the firm.
C) equal to the firm's total revenue minus its normal profit.
D) the average return for supplying entrepreneurial ability.
A
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What is the relationship among the current account, the financial account, and the balance of payments?
What will be an ideal response?
Both a perfectly competitive firm and a monopolist:
a. always earn an economic profit. b. maximize profit by setting marginal cost equal to marginal revenue. c. maximize profit by setting marginal cost equal to average total cost. d. are price takers.
Which of the following topics is not a part of a typical scenario plan?
a. Informatics. b. Cash flows. c. Automation, miniaturization, robotics, and research. d. All the above are a part of a typical scenario plan. e. Aging populations.
The U.S. poverty rate over the last 10 years has been between _____%.
A. 6-11 B. 11-16 C. 16-21 D. 21-26