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

Author Question: If Bob's business earned a 500,000 accounting profit, but had 1,000,000 in implicit costs, it would ... (Read 59 times)

Lobcity

  • Hero Member
  • *****
  • Posts: 524
on: Jun 30, 2018
If Bob's business earned a 500,000 accounting profit, but had 1,000,000 in implicit costs, it would earn an economic profit.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Why has there been an increase in the inequality of income?
 a. The demand for skilled workers has declined.
  b. The demand for skilled workers has remained constant and the demand for unskilled workers has declined.
  c. The government policies went against the unskilled workers.
  d. The demand for skilled workers has increased and the demand for unskilled workers has not kept pace.
  e. The demand for unskilled workers has increased as they could be hired for lower wages.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Moriaki

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

d


Lobcity

  • Hero Member
  • *****
  • Posts: 524
Reply #2 on: Jun 30, 2018
Thank you


Moriaki

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

This girl ran four spinning machines in a cotton mill in Whitnel, North Carolina. Only 4 feet, 3 inc This girl ran four spinning machines in a cotton mill in Whitnel, North Carolina. Only 4 feet, 3 inc
Entrepreneurship: Starting and Operating a Small Business (3rd Edition) Entrepreneurship: Starting and Operating a Small Business (3rd Edition)
International Business: The Challenges of Globalization International Business: The Challenges of Globalization
International Business Management International Business Management
A company that makes cell phones has the following cost structure. They have fixed costs of ... A company that makes cell phones has the following cost structure. They have fixed costs of ...
Business Math Business Math
Video: Embryonic development - Week 4

For a complete list of videos, visit our video library