[Answered] In the figure above, what is Gap's economic profit? A) zero B) 5,000 C) -5,000 D) ...

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Author Question: In the figure above, what is Gap's economic profit? A) zero B) 5,000 C) -5,000 D) ... (Read 8 times)

jlmhmf

Hero Member
Posts: 552

on: Jun 29, 2018

In the figure above, what is Gap's economic profit?

A) zero
B) 5,000
C) -5,000
D) -1,160

Question 2

The paradox of value can be resolved by distinguishing between

A) quantity demanded and quantity supplied.
B) supply and quantity supplied.
C) normative and positive statements.
D) total utility and marginal utility.

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Marked as best answer by a Subject Expert

14vl19

Sr. Member
Posts: 310

Reply #1 on: Jun 29, 2018

Answer to Question 1

A

Answer to Question 2

D

jlmhmf

Member
Posts: 552

Reply 2 on: Jun 29, 2018

TYSM

deja

Member
Posts: 332

Reply 3 on: Yesterday

Wow, this really help

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