Economic profits are equal to accounting profits: a. In all ...

[iveyjurea]

Economic profits are equal to accounting profits:
 a. In all cases
 b. In no cases
 c. When implicit costs are zero
 d. When implicit costs equal explicit costs

Question 2

If the quantity demanded for labor is more than the quantity supplied, there will be unemployment.
 a. True
  b. False
  Indicate whether the statement is true or false

[bubulittle310@msn.cn]

Answer to Question 1

c

Answer to Question 2

False

[iveyjurea]

Thanks for the timely response, appreciate it

[Jossy]

Wow, this really help