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

Author Question: With free entry A) economic profits are possible over the long run. B) economic profits are ... (Read 285 times)

NClaborn

  • Hero Member
  • *****
  • Posts: 560
on: Jun 30, 2018
With free entry
 A) economic profits are possible over the long run.
  B) economic profits are possible but only over limited amounts of time.
  C) economic profits are not possible.
  D) the cost of capital will not be covered.

Question 2

If the return on capital is less than the cost of capital
 A) economic profits are zero.
  B) accounting profits are zero.
  C) then accounting profits minus economic profit are zero.
  D) economic profits are negative.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

coreycathey

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

D


NClaborn

  • Hero Member
  • *****
  • Posts: 560
Reply #2 on: Jun 30, 2018
Thank you


coreycathey

  • Sr. Member
  • ****
  • Posts: 333
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

A 19-foot-long blue whale skull in the collections of the Smithsonian Museum of Natural History A 19-foot-long blue whale skull in the collections of the Smithsonian Museum of Natural History
Anopheles larva from southern Germany, about 8 mm long Anopheles larva from southern Germany, about 8 mm long
Long-term Potentiation in the granule cell layer of the rat hippocampal dentate gyrus. (Traces ... Long-term Potentiation in the granule cell layer of the rat hippocampal dentate gyrus. (Traces ...
First-order sensory neuron with free nerve endings First-order sensory neuron with free nerve endings
economic question economic question
economic question economic question
Video: Phases of an Action Potential - Resting Potential, Threshold, Rising, Falling, & Recovery Phases

For a complete list of videos, visit our video library