If your business earns $100,000 in revenues, has explicit costs of $80,000, and implicit costs of $50,000, your economic profit is
A. -$30,000.
B. $20,000.
C. $30,000.
D. $50,000.
Answer: A
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Jane supports herself at college by working in a bookstore earning $300 a month, which she spends entirely every month. If she gets a salary increase of $100 a month, she spends $90 more dollars on consumption expenditure. Jane's MPC is equal to
A) 0.10. B) 0.90. C) 1.00. D) 0.50. E) $90.
Thousands of U.S. banks failed in the 1930s because the Fed loaned too many reserves to member banks
a. True b. False Indicate whether the statement is true or false
The ___________ balance measures the gap between a country’s exports and its imports.
a. trade b. import c. export d. deficit
A corporate bond is a promissory note issued by a firm when it sells stock.
Answer the following statement true (T) or false (F)