Author Question: If opportunity costs are ignored: a. all firms will show accounting profits. b. all firms will ... (Read 86 times)

MGLQZ · **on:** Jun 30, 2018

If opportunity costs are ignored:
a. all firms will show accounting profits.
b. all firms will appear to incur economic losses.
c. firms will still make profit-maximizing production decisions.
d. firms experiencing economic losses may appear to be profitable.

Question 2

Offshoring does not affect the percentage of U.S. workers employed in manufacturing.
a. True
b. False
Indicate whether the statement is true or false