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Author Question: When a firm earns a normal rate of return, it (Read 81 times)

saraeharris

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Question 1

Firms that are earning zero economic profits are


◦ breaking even.
◦ earning less than a normal rate of return.
◦ shutting down in the short run.
◦ shutting down in the long run.

Question 2

When a firm earns a normal rate of return, it


◦ earns a profit.
◦ breaks even.
◦ suffers a loss.
◦ should shut down.


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Marked as best answer by saraeharris on Apr 19, 2019

alexanderhamilton

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saraeharris

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Excellent



alexanderhamilton

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Great! Please up vote :D



 

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