If the Money Store earns a normal profit this year, its
A) economic profit is equal to its accounting profit
B) economic profit is zero
C) economic profit is equal to the average accounting profit in other industries
D) accounting profit is zero
E) accounting profit is less than its economic profit
Correct Answer:
Verified
Q51: In the short run, all costs are
Q52: Which of the following is most likely
Q53: Which of the following is most likely
Q54: In the long run, all inputs are
Q57: A young chef is considering opening his
Q58: In the long run, all of a
Q60: Suppose Joan uses her savings to purchase
Q61: If a firm is experiencing diminishing marginal
Q164: Suppose a professor gives up her teaching
Q176: Bart operates a lemonade stand in front
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents