If a firm shuts down, it
A) makes zero economic profit.
B) incurs an economic loss equal to its total variable cost.
C) incurs an economic loss equal to its total fixed cost.
D) makes a normal profit.
E) might make an economic profit, zero economic profit, or incur an economic loss.
C
Economics
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What is the present value of a payment of $150 one year from today if the interest rate is 6 percent?
a. $141.11 b. $141.36 c. $141.75 d. None of the above are correct to the nearest cent.
Economics
Economists usually use the term "recession" to refer to:
A. any slowdown in the growth of real GDP. B. zero real GDP growth. C. two or more consecutive quarters of declining real GDP. D. a reduction in nominal GDP lasting more than six months.
Economics