Economists say that a firm has a normal profit when:
a. it earns a return of at least 10 percent.
b. its accounting profit is positive.
c. it can pay all its variable costs.
d. its economic profit is zero.
d
Economics
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"As the saying goes, the only sure things in life are death and taxes. This saying points out the result that everything having to do with taxes is an automatic fiscal policy." Is the preceding analysis correct or incorrect? Explain your answer
What will be an ideal response?
Economics
On the graph above, an example of a positive demand shock is the movement from point ________ to point ________
A) F; G B) H; I C) F; H D) H; F E) none of the above
Economics