If a firm goes out of business because of negative economic profits, its books
A) might indicate a positive accounting profit.
B) might indicate that opportunity costs were zero.
C) might indicate that taxes are too high.
D) might suggest a mistaken value of explicit costs.
A
Economics
You might also like to view...
Refer to the scenario above. What is the nominal GDP of the economy in 2013?
A) $55,000 B) $50,400 C) $47,000 D) $50,000
Economics
Which of the following best illustrates the concept of derived demand?
a. As income rises, the demand for TVs rises. b. A fall in the price of cameras will increase the demand for film. c. A fall in the demand for tires will reduce the demand for rubber. d. When the price of gasoline rises, the demand for automobile repair falls. e. If consumers expect the price of coffee to rise, demand for coffee rises.
Economics