Solved

-Suppose the Entrepreneur Could Earn $800 as an Employee Elsewhere

Question 10

Multiple Choice

-Suppose the entrepreneur could earn $800 as an employee elsewhere.This means the entrepreneur is earning A) Breakeven profits. B) Economic losses. C) Economic profits.
-Suppose the entrepreneur could earn $800 as an employee elsewhere.This means the entrepreneur is earning


A) Breakeven profits.
B) Economic losses.
C) Economic profits.

Correct Answer:

verifed

Verified

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

Related Questions

Q5: Economists assume the principal motivation of producers

Q6: In defining economic costs,economists emphasize
A)Explicit and implicit

Q7: Which of the following should not be

Q8: Adam Weed is the owner/operator of a

Q9: Normal profit
A)Covers the full opportunity cost of

Q11: Implicit costs
A)Include only payments to workers and

Q12: - The accounting</p></div><svg width=

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

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