Author Question: When economic profits in an industry are zero and implicit costs are positive: a. accounting ... (Read 142 times)

NClaborn · **on:** Jun 30, 2018

When economic profits in an industry are zero and implicit costs are positive:
a. accounting profits will be greater than zero.
b. resources will be attracted to the industry.
c. resources will not tend to either enter or leave the industry, other things equal.
d. both (a) and (c) will be true.

Question 2

Notes are debt securities which have a maturity period of:
a. 0-5 years.
b. 10-15 years.
c. 0-1 year.
d. 10-20 years.
e. 1-10 years.