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Author Question: Harry's Hookahs incurs 700,000 per year in explicit costs and 500,000 in implicit costs. The company ... (Read 118 times)

lidoalex

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on: Jun 29, 2018
Harry's Hookahs incurs 700,000 per year in explicit costs and 500,000 in implicit costs. The company earns 1.4 million in revenues and has 3.7 million in net worth. Based on this information, what is the economic profit for Harry's Hookas?
 
  A) 200,000 B) 700,000 C) 900,000 D) 1.1 million

Question 2

Which of the following statements is used to justify protectionism?
 
  A) Free trade leads to higher prices for imported goods.
  B) Trade restrictions are not necessary to protect new firms since they can gain experience and become more productive without protection.
  C) A country should not rely on other countries for goods that are critical to its national defense.
  D) Free trade increases employment by protecting domestic firms.
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javimendoza7

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lidoalex

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Reply 2 on: Jun 29, 2018
Excellent

sailorcrescent

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

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