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

Author Question: A normal profit is A) revenues minus opportunity cost of zero. B) revenues minus accounting cost ... (Read 105 times)

codyclark

  • Hero Member
  • *****
  • Posts: 538
on: Jul 1, 2018
A normal profit is
 
  A) revenues minus opportunity cost of zero.
  B) revenues minus accounting cost of zero.
  C) a zero accounting profit.
  D) revenues minus accounting and opportunity cost of zero.

Question 2

Suppose the corn-producing industry of the U.S. is a price taker in the world market and government puts a ban on imports. The corn industry also receives subsidy from the home government. Then
 
  A) social welfare will increase if the ban on imports is removed.
  B) everyone will be better off if both ban on imports and subsidy are removed.
  C) social efficiency will be improved if both ban on imports and subsidy are removed.
  D) the deadweight loss is reduced if subsidy is removed.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cloud

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

C


codyclark

  • Member
  • Posts: 538
Reply 2 on: Jul 1, 2018
Gracias!

diana chang

  • Member
  • Posts: 288
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Chest Configurations, Normal Adult, Barrel Chest, Pectus Carinatum, Pectus Excavatum Chest Configurations, Normal Adult, Barrel Chest, Pectus Carinatum, Pectus Excavatum
Normal conduction pathway in the heart Normal conduction pathway in the heart
Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ... Weak valve springs will produce a normal reading at idle, but as engine speed increases, the needle ...
How to find the tangential and normal components of a vector How to find the tangential and normal components of a vector
People who are color-blind see colors differently. (a) Those with normal vision see the red leaves. People who are color-blind see colors differently. (a) Those with normal vision see the red leaves.
A comparison of a normal erythrocyte with sickle-cell anemia A comparison of a normal erythrocyte with sickle-cell anemia
Video: Endocytosis -Types and Phagocytosis

For a complete list of videos, visit our video library