Solved

- Suppose the Entrepreneur Could Earn $1,000 as an Employee

Question 18

Multiple Choice

- Suppose the entrepreneur could earn $1,000 as an employee elsewhere.This means the economic profit is A) -$925. B) -$75. C) -$1,000.
- Suppose the entrepreneur could earn $1,000 as an employee elsewhere.This means the economic profit is


A) -$925.
B) -$75.
C) -$1,000.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q13: Which of the following is the best

Q14: Profit
A)Is the difference between total revenue and

Q15: Economic profit is
A)Greater than accounting profit by

Q16: Assuming the entrepreneur does not pay herself,the

Q17: -Suppose the</p></div><svg width=

Q19: Normal profit implies that
A)Economic profit must be

Q20: Accounting costs and economic costs differ because
A)Accounting

Q21: Suppose a firm has an annual budget

Q22: Suppose a firm has an annual budget

Q23: Market structure is determined by the
A)Annual revenue,costs,and

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents