This topic contains a solution. Click here to go to the answer

Author Question: How does a firm measure its profit? What will be an ideal ... (Read 88 times)

nautica902

  • Hero Member
  • *****
  • Posts: 591
How does a firm measure its profit?
 
  What will be an ideal response?

Question 2

Suppose there has been an increase in investment. As a result, real GDP will ________ in the short run, and ________ in the long run.
 
  A) decrease; increase to its initial level B) increase; increase further
  C) increase; decrease to its initial value D) decrease; decrease further



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dreamfighter72

  • Sr. Member
  • ****
  • Posts: 355
Answer to Question 1

Profit is measured as the difference between total revenue and total cost.

Answer to Question 2

C




nautica902

  • Member
  • Posts: 591
Reply 2 on: Jun 29, 2018
Gracias!


triiciiaa

  • Member
  • Posts: 349
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

For a complete list of videos, visit our video library