This topic contains a solution. Click here to go to the answer
|
Author Question: If a firm makes an economic profit, it is making at least a normal rate of return. (Read 35 times) |
Did you know?
The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.
Did you know?
The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.
Did you know?
Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.
Did you know?
Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.
Did you know?
Blood is approximately twice as thick as water because of the cells and other components found in it.