Economic profits are: a. less than accounting profits if ...

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Economic profits are:
 a. less than accounting profits if implicit costs are greater than zero.
  b. less than accounting profits even if implicit costs are zero.
 c. greater than accounting profits if implicit costs are greater than zero.
  d. greater than accounting profits even if implicit costs are zero.

Question 2

According to the ratings given by Standard and Poor's, a bond rating of _____ implies that the issuer of bonds is in default.
 a. A
 b. B
 c. C
 d. D
 e. BB

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Answer to Question 1

a

Answer to Question 2

d

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