An economist left her $100 000-a-year teaching position to work full-time in her own consulting business. In the first year, she had total revenue of $200 000 and business expenses of $100 000. She made a/an:
A) economic profit.
B) economic loss.
C) implicit profit.
D) zero economic profit.
Correct Answer:
Verified
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A) total
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Q8: Marginal product measures the change in:
A) total
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A)
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Q15: In the long run, total fixed cost:
A)
Q16: Economic profit is:
A) always zero.
B) always less
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