Capital payments usually represent ________ of income payments
A) two-third B) three-fourths C) one-fourth D) one-third
D
Economics
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A firm is making zero economic profits. From this, we know that
A) the firm is going to go out of business. B) implicit costs are zero. C) the firm is going to stay in business, but will not be able to attract new financial capital. D) the firm will stay in business since it is covering all relevant opportunity costs.
Economics
In perfect competition, each firm's output is a large fraction of total market supply
a. True b. False
Economics