Explain why earning zero economic profit is not as bad as it sounds.
Question:
Explain why earning zero economic profit is not as bad as it sounds.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (16 reviews)
Earningzero economic profit x as b...View the full answer
Answered By
Rohith Bellamkonda
I am studying in IIT Indore,the most prestigious institute of India.I love solving maths and enjoy coding
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Because industry X is characterized by perfect competition, every firm in the industry is earning zero economic profit. If the product price falls, no firms can survive. Do you agree or disagree?...
-
Draw short-run firm and industry competitive equilibriums for a perfectly competitive gator farming industry before the number of alligator farms in Florida doubled. For simplicity, assume the gator...
-
Would a firm earning zero economic profit continue to produce, even in the long run?
-
A factor used in measuring the loudness sensed by the human ear is (I/I 0 ), 0.3 where I is the intensity of the sound and I 0 is a reference intensity. Evaluate this factor for I = 3.2 10 6 W/m 2...
-
Using data from 2010 and projected to 2016, the fraction of U.S. cell phone users who are smart phone users can be modeled by the function where t is equal to the number of years after 2010 (a) Is...
-
Nitric acid is prepared industrially by the conversion of ammonia. There are three steps in the conversion, which is referred to as the Ostwald Process. What is the mass of HNO 3 (63.02 g/mol)...
-
Derive the PDE in Exercise 15.11 by working under the risk-neutral probability corresponding to M. Use Girsanovs theorem and the fact that the expected rate of return of the asset under the...
-
Monica Sexton filed a petition for Chapter 13 reorganization. One of her creditors was Friedmans Jewelers. Her petition misclassified Friedmans claim as $ 800 of unsecured debt. Within days,...
-
A 10-year maturity bond with par value of $1,000 makes annual coupon payments at a coupon rate of 7%. Find the bond equivalent and effective annual yield to maturity of the bond for the following...
-
A girl has an age of x years. Her grandfather is aged y years. Write an expression for: a. Their combined age. b. The difference between their ages. c. The grandfathers age 10 years ago. d. The girls...
-
Why does the AFC curve continually decline (and get closer and closer to the quantity axis)?
-
A firm that earns only normal profit is not covering all its costs. Do you agree or disagree? Explain your answer.
-
Determine whether each of the following is included in the M1 or M2 measures of the money supply: a. Currency held by the nonbanking public b. Available credit on credit cards held by the nonbanking...
-
Explain the principles of database normalization and denormalization, delineating their respective roles in optimizing data storage efficiency, query performance, and data integrity in relational...
-
Asymptotic Computational Complexity O(): Calculate the time complexity of each function below and explain your reasoning. Write your answers on paper and submit a scanned copy. (5 pts each) def...
-
Happy Valley Software has developed a new meteorology software package that will likely revolutionize the weather forecasting industry. They are looking to market the software to the following three...
-
Please read the essay Nasty Women Have Much Work To Do from Alexandra Petri on pages 45-47. In your discussion post, please share your thoughts on what specific strategies she uses to create tone and...
-
We live in an increasingly hyper-competitive global marketplace, where firms are fighting to stay lean and flexible in an effort to satisfy increasingly diverse and specialized consumer demand. In...
-
Write the first four terms of the sequence {a}=1- n n=1.
-
Imagine a sound wave with a frequency of 1.10 kHz propagating with a speed of 330 m/s. Determine the phase difference in radians between any two points on the wave separated by 10.0 cm.
-
The simple quantity theory of money can be analyzed using the AD-AS framework. Graphically show how a change in the money supply leads to a change in the price level, but not to a change in real GDP.
-
A more general theory of the factors that cause changes in the price level states that the price level depends on the money supply, velocity, and Real GDP. 1. List the changes in the money supply,...
-
Monetarists believe that changes in the money supply or velocity have different effects in the short run and the long run. 1. List the four positions held by monetarists. 2. Graphically show the...
-
When preparing government-wide financial statements, the modified accrual based governments funds are adjusted. Please show the adjustments (in journal entry form with debits and credits) that would...
-
I need help finding the callable price and call value
-
On 31 October 2022, the owner took goods for his son as a birthday gift. The cost price of the goods was R15 000
Study smarter with the SolutionInn App