A pineapple grower with positive economic profit might stay in business, because:
A) she is making more than she could earn in the next-best alternative
B) she could make more in a factory job
C) neither a nor b
D) both a and b
Correct Answer:
Verified
Q42: Tom's Tortillas.
Tom purchases X = wheat
Q43: Tom's Tortillas.
Tom purchases X = wheat
Q44: Tom has what type of cost structure?
A)
Q45: The MC for Tom's Tortillas represent:
A) additional
Q46: Suppose Tom is earning zero economic profit.
Q48: A dairy farmer with negative economic profit
Q49: For a perfectly competitive firm, prices are:
A)
Q50: Perfect competition assumes all except the following:
A)
Q51: Below is the production function for
Q52: Draw a graph for TRP, TFC, MRP,
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