If Adam's Rib Joint took in $35,000 in revenue last week and had out-of-pocket expenses of $31,500:
a. it is clear that Adam made an economic profit of $3,500
b. Adam really didn't make any economic profit since he needs to put the difference between revenue and out-of-pocket expenses back into the firm.
c. Adam clearly did not earn an economic profit.
d. it is not clear whether Adam earned any economic profit last week because it depends on the magnitude of the implicit costs.
d
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La Dila Corp . decided to sponsor an AIDS awareness campaign when it discovered that its rival had been sponsoring several fund-raising events for AIDS-afflicted children. This is an example of ________
A) bounded rationality B) pure altruism C) impure altruism D) consumerism
Differentiate between double oral auctions and bilateral negotiations
What will be an ideal response?