If a firm is earning negative accounting profits, it implies
a. That the firm's economic profits are zero
b. That the firm's economic profits are positive
c. That the firm's economic profits are negative
d. More information is needed to conclude about economic profits
c
Economics
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If the Friedman rule for long-term monetary policy were implemented, the result would be
A) inflation. B) neither inflation nor deflation. C) deflation. D) hyperinflation.
Economics
Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the short run would be:
A. P3 and Y1. B. P2 and Y1. C. P2 and Y3. D. P1 and Y2.
Economics