Which of the following would be included in the total costs of production when an entrepreneur tries to compute her economic profit?

A) Foregone wages
B) Foregone interest
C) Foregone rent
D) All of the above.
E) None of the above.

D

Economics

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Explain the reasons for separating ownership and management in all large organizations

Economics

Figure 33-6 ? Figure 33-6 (b) illustrates that

A. in the short run, it is possible to “ride the Phillips curve” down toward lower rates of inflation. B. in the short run, it is possible to “ride the Phillips curve” up toward lower unemployment by stimulating aggregate demand. C. the Phillips curve connecting points g, e, and r is not a menu of policy choices. D. All of these responses are correct.

Economics