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Author Question: Economic Profit equals accounting profit plus the cost of capital. Indicate whether the statement ... (Read 133 times)

bcretired

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on: Jun 30, 2018
Economic Profit equals accounting profit plus the cost of capital.
  Indicate whether the statement is true or false

Question 2

An individual firm in a perfectly competitive labor market faces:
 a. a downward sloping labor demand curve and an upward sloping labor supply curve.
  b. a horizontal labor supply curve and a vertical labor demand curve.
 c. a horizontal labor supply curve and a downward sloping labor demand curve.
 d. an upward sloping labor supply curve and a horizontal labor demand curve.


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vickyvicksss

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

c


bcretired

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

juliaf

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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