The federal regulatory agency whose mission is to regulate workplace health and safety is the

The difference between economic profit and accountant’s definition of profit is that an economist’s total cost counts the ____ of inputs.

A. absolute value B. overheads C. opportunity cost D. gross cost

Refer to Figure 8.9. At the market price of $18, if this farmer produces the profit maximizing quantity, what profit will he make? A) $0 B) $2,000 C) $700 D) indeterminant from this information