When accounting profits are negative,economic profits could be:
A) positive.
B) negative.
C) zero.
D) All of these are possible.
Correct Answer:
Verified
Q75: In general,economic profits are:
A) greater than accounting
Q76: Imagine Tom's annual salary as an assistant
Q77: Imagine Tom's annual salary as an assistant
Q78: When economic profits are negative,accounting profits could
Q79: Imagine Tom's annual salary as an assistant
Q81: The relationship between the quantity of inputs
Q82: Marginal product is represented by:
A) the x-axis
Q83: A production function represents:
A)the relationship between the
Q84: Q85: ![]()
![]()
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