[Answered] If a firm's economic profit is positive, its accounting profit must also be positive. a. True b. ...

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chads108

Hero Member
Posts: 507

on: Jun 30, 2018

If a firm's economic profit is positive, its accounting profit must also be positive.
a. True
b. False

Question 2

If all my savings are invested in my consulting company, an increase in the interest rate increases my implicit costs.
a. True
b. False

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CharlieArnold

Sr. Member
Posts: 319

Reply #1 on: Jun 30, 2018

Answer to Question 1

A

Answer to Question 2

A

chads108

Hero Member
Posts: 507

Reply #2 on: Jun 30, 2018

Thank you

CharlieArnold

Sr. Member
Posts: 319

Reply #3 on: Jun 30, 2018

No problemo

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