The Oh So Humble Bakery sells 300 muffins at a price of $1 per muffin. Its explicit costs for producing 300 muffins are $250. The Oh So Humble Bakery's economic profits are

A. $35.
B. $50.
C. $250.
D. indeterminate from this information.

Answer: D

Economics

Knowledge capital is

A) rival. B) nonrival. C) nonexcludable. D) both B and C

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Economics

Lack of information to consumers on prices is a problem of

a. government failure b. externalities c. exploitation d. market failure e. none of the above

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Economics