Suppose your donut shop earns $24,000 in total revenues per month with explicit costs of $12,000 and opportunity costs of $8,000. Your accounting profit is

A) $16,000.
B) $12,000.
C) $4,000.
D) zero.

B

Economics

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The process by which banks screen potential applicants by eliminating bad risks and to obtain a pool of creditworthy borrowers is called:

A) gap analysis B) duration analysis C) credit-risk analysis D) liquidity analysis

Economics

If the shutdown rule, p < AVC, is the same in the short run and the long run, explain why the shutdown prices may be different

What will be an ideal response?

Economics