Manisha could work for another firm making $10,000 per month, but she decides to open her own gourmet cheese store and pay herself $2,000 per month
In her first month of operations, she spends $6,000 on cheese, $1,000 on other items, and $2,500 on rent. She had a great opening month, and brought in revenues of $14,500. What are Manisha's economic profits? A) $3,000
B) $4,000
C) -$5,000
D) -$6,000
C
Economics
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What is the motivating force behind the free market?
a) competition b) the invisible hand c) self-interest d) Specialization
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One reason markets may fail to provide the optimal quantity of public goods is the problem of
A) determining what the public wants. B) nontariff barriers. C) nondiscrimination. D) free riders. E) economic integration.
Economics