A demand shock
a. is any event that causes the aggregate demand curve to shift
b. is usually caused by a change in the price level
c. is usually caused by a change in real GDP
d. can be traced back to a shift in the economy's production possibilities frontier
e. is generally a good thing for the economy
A
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Refer to the scenario above. Which investment option will a risk-seeking individual choose?
A) He will choose to invest in Option A. B) He will choose to invest in Option B. C) He will choose to invest in Option C. D) He will be indifferent in investing in any of the three options.
Harry's Hookahs incurs $700,000 per year in explicit costs and $500,000 in implicit costs. The company earns $1.4 million in revenues and has $3.7 million in net worth. Based on this information, what is the accounting profit for Harry's Hookas?
A) $200,000 B) $700,000 C) $900,000 D) $1.1 million