A firm's net income is also its
A) opportunity cost. B) accounting profit. C) balance sheet. D) economic profit.
B
Economics
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If a product which costs $8 is sold at $10, the profit margin is
A) $2. B) 25%. C) 20%. D) None of the above
Economics
If the government has enough knowledge about a market and the damage it causes through pollution, it can force the socially optimal output
A) through an emission fee. B) using a ban on pollution. C) by deregulating to eliminate the monopoly. D) All of the above.
Economics