An economic profit is
A) an opportunity cost of the company.
B) a cost that is always measured by the accountant.
C) the amount of profit an accountant calculates for a company.
D) not the same as the company's normal profit.
D
Economics
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A bank creates money by
A) lending its excess reserves. B) purchasing currency from the Federal Reserve. C) buying bonds from the Federal Reserve. D) printing more checks.
Economics
Exhibit 9-3 A monopolistic competitive firm in the long run
?
As presented in Exhibit 9-3, the long-run profit-maximizing output for the monopolistic competitive firm is:
A. zero units per week. B. 200 units per week. C. 400 units per week. D. 600 units per week.
Economics