If accounting profits are positive then economic profit is positive

Low inflation rates tend to accelerate into higher and higher rates of inflation

a. True b. False Indicate whether the statement is true or false

You have the option of consuming one can of soda or two cookies or three oranges. You picked the can of soda. Therefore the opportunity cost of this can of soda is

A) the price of the can of soda. B) the difference in the prices of these three products. C) the price of the cookies as they are not usually consumed with soda. D) either the cookies or the oranges, whichever you like more.