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Author Question: The return that an entrepreneur can expect to earn, on average, is called A) profit. B) normal ... (Read 120 times)

humphriesbr@me.com

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on: Jun 29, 2018
The return that an entrepreneur can expect to earn, on average, is called
 
  A) profit.
  B) normal profit.
  C) economic profit.
  D) accounting profit.

Question 2

When the price of a Caesar salad is 5.00, the demand for Caesar salads is elastic, and when the price is 4.00, the demand is inelastic. If Mike's Roadside Restaurant cuts the price from 5.00 to 4.00, its total revenue from Caesar salads ________.
 
  A) will increase
  B) will decrease
  C) will remain the same
  D) might increase, decrease, or remain the same


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emilymalinowski12

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


humphriesbr@me.com

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Reply 2 on: Jun 29, 2018
Excellent

marict

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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