Economic profit is
A) revenue - variable costs + fixed costs.
B) revenue + variable costs - fixed costs.
C) revenue - variable costs - fixed costs.
D) revenue/cost of capital.
C
Economics
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Financial intermediation supports economic growth and development by bringing together numerous savers and investors in growing and increasingly complex markets
Indicate whether the statement is true or false
Economics
The long run is a period of
a. at least one year. b. sufficient length to allow a firm to expand output by hiring additional workers. c. sufficient length to allow a firm to alter its plant size and capacity and all other factors of production. d. sufficient length to allow a firm to transform economic losses into economic profits by hiring better workers.
Economics