If economic profits are zero
A) accounting profits is less than the cost of capital.
B) accounting profit is just covering the cost of capital.
C) the cost of capital is negative.
D) the entrepreneur should go to his/her next best alternative.
Correct Answer:
Verified
Q3: Seeking profits without producing anything
A)is called rent-seeking
B)is
Q4: It is always the best strategy to
A)not
Q5: To Schumpeter, the market process is called
A)dynamic
Q6: In economics
A)costs are seen as all the
Q7: Managers and entrepreneurs are
A)the same.
B)different.
C)assume risk.
D)always stockholders.
Q9: The _ is at the center of
Q10: Stock is a form of
A)dividend.
B)debt.
C)equity.
D)lending.
Q11: The entrepreneur is always searching for
A)positive profit.
B)normal
Q12: Economic profit equals
A)accounting profit plus the cost
Q13: Specialization should be guided
A)by government regulations.
B)comparative advantage
C)by
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