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Author Question: In the figure above, what is Gap's economic profit? A) zero B) 5,000 C) -5,000 D) ... (Read 52 times)

jlmhmf

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on: Jun 29, 2018
In the figure above, what is Gap's economic profit?
 
  A) zero
  B) 5,000
  C) -5,000
  D) -1,160

Question 2

The paradox of value can be resolved by distinguishing between
 
  A) quantity demanded and quantity supplied.
  B) supply and quantity supplied.
  C) normative and positive statements.
  D) total utility and marginal utility.


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14vl19

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


jlmhmf

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

jackie

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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