Economists consider the ________ to be the most accurate measure of interest rates

Firms should shut down in the short run whenever price is less than the average total cost

a. True b. False Indicate whether the statement is true or false

Sophia has a business using no owned capital and makes an accounting profit of $52,000 a year. Sophia could have worked for Verizon Wireless with a pay of $35,000 a year, but she would not have had time to run her business. The economic profit from Sophia's business per year is

a. $87,000. b. $35,000. c. $17,000. d. -$17,000.