Author Question: If the Baloney Store earns more than a normal profit, its a. economic profit must be greater than ... (Read 64 times)

nenivikky

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If the Baloney Store earns more than a normal profit, its
 a. economic profit must be greater than its accounting profit
  b. economic profit is positive
  c. economic profit is, therefore, equal to its accounting profit
  d. accounting profit is zero
  e. accounting profit is less than its economic profit

Question 2

If the Money Store earns a normal profit this year, its
 a. economic profit is equal to its accounting profit
  b. economic profit is zero
  c. economic profit is equal to the average accounting profit in other industries
  d. accounting profit is zero
  e. accounting profit is less than its economic profit



patma1981

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Answer to Question 1

B

Answer to Question 2

B



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