This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: An economic profit for a self-employed entrepreneur is A) an opportunity cost. B) the same as ... (Read 291 times)

debasdf

  • Hero Member
  • *****
  • Posts: 570
on: Jun 29, 2018
An economic profit for a self-employed entrepreneur is
 
  A) an opportunity cost.
  B) the same as the normal profit.
  C) a profit over and above opportunity cost.
  D) None of the above answers is correct.

Question 2

In perfect competition, an individual firm
 
  A) faces unitary elasticity of demand.
  B) has a price elasticity of supply equal to one.
  C) faces a perfectly elastic demand.
  D) has perfectly elastic supply.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Joy Chen

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


debasdf

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Jun 29, 2018
Correct answers!


Joy Chen

  • Sr. Member
  • ****
  • Posts: 354
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

The paired-image subtraction technique, which is commonly employed in cognitive neuroscience. Here ... The paired-image subtraction technique, which is commonly employed in cognitive neuroscience. Here ...
Economic and Social Development Economic and Social Development
Trends in employed mothers with a child/children younger than 3 years of age Trends in employed mothers with a child/children younger than 3 years of age
economic question economic question
economic question economic question
Economic question Economic question
Video: Premenstrual Syndrome

For a complete list of videos, visit our video library