Author Question: Economic profits are equal to accounting profits: a. In all cases b. In no cases c. When implicit ... (Read 60 times)

iveyjurea · **on:** Jun 30, 2018

Economic profits are equal to accounting profits:
a. In all cases
b. In no cases
c. When implicit costs are zero
d. When implicit costs equal explicit costs

Question 2

If the quantity demanded for labor is more than the quantity supplied, there will be unemployment.
a. True
b. False
Indicate whether the statement is true or false