This topic contains a solution. Click here to go to the answer

Author Question: If General Motors is earning only a normal profit, a. it is making economic profit b. it is ... (Read 91 times)

Ebrown

  • Hero Member
  • *****
  • Posts: 567
If General Motors is earning only a normal profit,
 a. it is making economic profit
  b. it is breaking even
  c. it is suffering an economic loss
  d. it is covering only explicit costs
  e. it is covering only implicit costs

Question 2

Suppose a lawyer leaves his 50,000-a-year job and starts his own firm breeding pit bulls. In the first year, his accounting profit is 70,000 . The lawyer finances his new business with 100,000 from his savings account, which had earned 10 percent interest. His economic profit is
 a. 10,000
  b. 60,000
  c. 70,000
  d. -80,000
  e. -90,000



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Liamb2179

  • Sr. Member
  • ****
  • Posts: 365
Answer to Question 1

B

Answer to Question 2

A




Ebrown

  • Member
  • Posts: 567
Reply 2 on: Jun 30, 2018
Gracias!


rachel

  • Member
  • Posts: 323
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

For a complete list of videos, visit our video library