[Answered] In the figure above, what is Gap's economic profit? A) zero B) 5,000 C) -5,000 D) ...

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Author Question: In the figure above, what is Gap's economic profit? A) zero B) 5,000 C) -5,000 D) ... (Read 11 times)

jlmhmf

Hero Member
Posts: 552

on: Jun 29, 2018

In the figure above, what is Gap's economic profit?

A) zero
B) 5,000
C) -5,000
D) -1,160

Question 2

The paradox of value can be resolved by distinguishing between

A) quantity demanded and quantity supplied.
B) supply and quantity supplied.
C) normative and positive statements.
D) total utility and marginal utility.

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Marked as best answer by a Subject Expert

14vl19

Sr. Member
Posts: 310

Reply #1 on: Jun 29, 2018

Answer to Question 1

A

Answer to Question 2

D

jlmhmf

Member
Posts: 552

Reply 2 on: Jun 29, 2018

Gracias!

Dnite

Member
Posts: 297

Reply 3 on: Yesterday

Great answer, keep it coming

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