When costs that vary with the level of output are divided by the output, you have calculated

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.

Between 2011 and 2022, productivity growth is expected to account for about ________ percent of the growth of real GDP in the United States

A. 23 B. 40 C. 75 D. 92