If Microsoft is earning a rate of return greater than the return necessary for the business to continue operations in the long run, then
A. the normal rate of return is zero.
B. total costs exceed total revenue.
C. total costs exceed a normal rate of return.
D. the firm is earning an economic profit.
Answer: D
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Have redistribution programs decreased poverty since 1968? Discuss the role of program administrators and their bureaus in explaining your answer
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Which of following policies of the Congress was aimed to place the Fed above politics and maintain continuity in the policymaking process?
a. The President elects the entire Board of Governors. b. The Federal Reserve district banks elects the Board of Governors. c. The Congress elects a board member every five years. d. One board member's term expires every second year. e. Only bankers are allowed to be appointed as board members.