What is a normal profit? Is it part of the firm's opportunity costs, total revenue, or neither?
What will be an ideal response?
The normal profit is the return to entrepreneurship. It is part of the firm's opportunity costs.
Economics
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An example of an intermediate good would be
A) the soda pop sold by Quiznos. B) the bread that goes into a sub sandwich that is sold by Quiznos. C) the potato chips sold by Quiznos. D) a sub sandwich sold by Quiznos.
Economics
The Celler-Kefauver Act deals primarily with which of the following issues?
a. Price discrimination. b. Exclusive dealing. c. Mergers. d. Deceptive advertising. e. Boards of directors.
Economics