What is true about economic profit? a) It considers the explicit and implicit cost of a decision b) It helps us determine whether we've made the best decision given all options c) It can be positive if accounting profit is negative d) All of the above

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A: There is a concept of Balanced budget multiplier (BBM) in economics.  BBM states that a simultaneous…

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A: A competitive market is a market form where there are numerous buyers and sellers of a homogeneous…

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A: Formula for the present value of annuity is given as : P = PMT * 1-(1(1+r)n)r P : present value  PMT…

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A: The graph suggests that we are keeping pace with the demand of food and rise in population

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A: Given cash flow is  Rate of interest =0.16 and we need to find present worth of above cash flow.

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A: The concept of expected utility in decision theory describes the degree of happiness or contentment…

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A: Profit is the amount of money a company earns after deducting all of its expenditures from its total…

Q: Price and cost $40.50 36.00 30.00 22.00 20.00 0 MC 130 180 240 ATC AVC MR Quantity

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A: Y=16.8-3.9x     (3.8) (1.2) The numbers 16.8 and -3.9 are the realized values for the intercept…

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Q: QUESTION 12 A rotational molding operation has fixed costs of $6,000 per year and variable costs of…

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A: Economic inequality is the unequal distribution of wealth, income, and opportunities among…

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A: Marginal labor cost measures the change in total labor cost due to hiring additional labor.…

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A: Marginal resource cost (MRC) measures the change in a firm's total cost of resources due to a change…

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A: The public good refers to the good that satisfies the two conditions: The public good is the non…

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Q: Price G F EN N P 0 W H S: L MC ATC AVC B D Quantity (per period) MR

A: (Figure: Big Tree Organic Farms in the Short Run) Use Figure: Big Tree Organic Farms in the Short…

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A: According to the question, it is given that : Maintenance cost for small bridge with an expected…

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A: Total cost is the sum of fixed and variable cost. Fixed cost is equal to total cost when zero units…