This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The return that an entrepreneur can expect to earn, on average, is called A) profit. B) normal ... (Read 123 times)

humphriesbr@me.com

  • Hero Member
  • *****
  • Posts: 550
on: Jun 29, 2018
The return that an entrepreneur can expect to earn, on average, is called
 
  A) profit.
  B) normal profit.
  C) economic profit.
  D) accounting profit.

Question 2

When the price of a Caesar salad is 5.00, the demand for Caesar salads is elastic, and when the price is 4.00, the demand is inelastic. If Mike's Roadside Restaurant cuts the price from 5.00 to 4.00, its total revenue from Caesar salads ________.
 
  A) will increase
  B) will decrease
  C) will remain the same
  D) might increase, decrease, or remain the same


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

emilymalinowski12

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


humphriesbr@me.com

  • Member
  • Posts: 550
Reply 2 on: Jun 29, 2018
Excellent

sultansheikh

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

(a) Mean duration (days) and (b) average maximum depth (mm) of snow cover throughout northern latitu (a) Mean duration (days) and (b) average maximum depth (mm) of snow cover throughout northern latitu
Pericardial effusion: A, normal pericardial sac; B, pericardial sac with excess fluid possibly causi Pericardial effusion: A, normal pericardial sac; B, pericardial sac with excess fluid possibly causi
Five layers or sheaths called koshas in Ayurvedic philosophy. Five layers or sheaths called koshas in Ayurvedic philosophy.
Find the equation of the normal line to f(x)=sinx+cosx at x = π. Find the equation of the normal line to f(x)=sinx+cosx at x = π.
A thin cleft, called the synapse, separates one cell from another. A thin cleft, called the synapse, separates one cell from another.
Regulatory effects of the vascular endothelium in normal and pathologic states Regulatory effects of the vascular endothelium in normal and pathologic states
Video: Cortisol (protein catabolism, gluconeogenesis, vasoconstriction & anti-inflammation)

For a complete list of videos, visit our video library