If opportunity costs are ignored:
a. all firms will show accounting profits
b. all firms will appear to incur economic losses.
c. firms will still make profit-maximizing production decisions.
d. firms experiencing economic losses may appear to be profitable.
d
Economics
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The table below shows data for Brazil
2006 2007 Real GDP growth rate 3.8 5.4 Inflation rate 4.2 3.7 Assuming the rate of velocity change is constant A) the growth rate of money increased between 2006 and 2007. B) the money growth rate was -0.4 percent in 2006. C) the growth rate of nominal GDP was 1.7 percent in 2006. D) the demand for money curve shifted leftward in 2006.
Economics
An item has utility for a consumer if it
A) generates enjoyment or satisfaction. B) is scarce. C) is something everyone else wants. D) has a high price.
Economics