Author Question: Assume that Rudolf withdraws 600 from his bank account which was earning him 10 percent interest per ... (Read 73 times)

eruditmonkey@yahoo.com

  • Hero Member
  • *****
  • Posts: 546
Assume that Rudolf withdraws 600 from his bank account which was earning him 10 percent interest per annum to buy a high-end digital camera. The bank interest forgone by him will be the opportunity cost of this purchase.
  Indicate whether the statement is true or false

Question 2

The abnormal net income model
 A) assumes that economic profits cannot be earned in the short run.
  B) assumes that economic profits cannot be earned in the long run.
  C) employs economic profit in its valuation of a firm.
  D) none of these choices.



matt95

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

T

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

The human body produces and destroys 15 million blood cells every second.

For a complete list of videos, visit our video library