7. Economic profit (total revenue minus total cost) indicates that an industry is prosperous and promotes its

Question:

7. Economic profit (total revenue minus total cost)

indicates that an industry is prosperous and promotes its expansion. Losses signify that an industry is not prosperous and hasten its contraction.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Essentials Of Economics

ISBN: 9780073511313

2nd Edition

Authors: Stanley L. Brue, Campbell R. McConnell, Sean M. Flynn

See More Books

Question Posted: Sep 28, 2024 07:02 AM

See More Questions

7. Economic profit (total revenue minus total cost) indicates that an industry is prosperous and promotes its expansion. Losses signify that an industry is not prosperous and hasten its contraction.
What are the Key Success factors in the Daycare industry? explain
use January 1960 to date as the period of observation for all analysis, unless otherwise stated. This week's lesson will examine how economists define and measure Real GDP, the price level and the...
The space truss is used to support vertical forces at joints B, C, and D. Determine the force in each member and state if the members are in tension or compression. Units Used: kN = 103 N Given: F1 =...
7. Economic profit (total revenue minus total cost) indicates that an industry is prosperous and promotes its expansion. Losses signify that an industry is not prosperous and hasten its contraction.
You brought your work home one evening, and your nephew spilled his chocolate milk shake on the variance report you were preparing. Fortunately, you were able to reconstruct the obliterated...
An unfavorable labor efficiency variance may be caused by. A. Paying workers higher wages than expected B. Paying high wages to highly skilled workers. C. Worker fatigue or carelessness. D. Higher...
6. The market system produces products whose production and sale yield total revenue sufficient to cover total cost. It does not produce products for which total revenue continuously falls short of...
8. Consumer sovereignty means that both businesses and resource suppliers are subject to the wants of consumers. Through their dollar votes, consumers decide on the composition of output.
If Kruger requires a 12 percent rate of return on investments of this type, what value would Kruger place on the McIntyre stock? P=758
How to convert a one-dimensional array to a two-dimensional array in C#
strategy is about competitiveness so: How to better than others? Why the company want to be good as somebody else? Give example. Me as a customer: What is important to me when buying something new.....
Financial Strategy and Corporate Objectives, Financial Management Environment, Working Capital Management Notes in answering problems: 1. Do not round off anytime during the computation. 2. Use 360...
You have $420 in an account which pays 4.1% compounded annually. If you invest your money for 9 years, then how many dollars of interest will you earn by the end of the term? The amount of interest...
Americans are greedy because everybody sues everybody on everything." Do you agree with above statement, and why there are many more liability litigation cases seeking huge amount for damage remedy...
A. H. Pfunds method for measuring the index of refraction of glass is illustrated in Figure P35.69. One face of a slab of thickness t is painted white, and a small hole scraped clear at point P...
You've been asked to take over leadership of a group of paralegals that once had a reputation for being a tight-knit, supportive team, but you quickly figure out that this team is in danger of...
Does a change in consumers' tastes lead to a movement along the demand curve or a shift in the demand curve? Does a change in price lead to a movement along the demand curve or a shift in the demand...
Does a change in consumers' tastes lead to a movement along the demand curve or a shift in the demand curve? Does a change in price lead to a movement along the demand curve or a shift in the demand...
One of the largest changes in the economy over the past several decades is that technological advances have reduced the cost of making computers. a. Draw a supply-and-demand diagram to show what...
(a) Examine the Cash Flow from Assets (CFFA) for the Year 2021? (10 marks) (b) Examine the Cash Flow to Creditors (CFTC) for the Year 2021? (5 marks) (c) Examine the Cash Flow to Shareholders (CFTS)...
In the Ostwald process for oxidizing ammonia, a variety of products is possible N2, N2O, NO, and NOdepending on the conditions. One possibility is NH3(g)+5/402(g) + NO(g) +3/2H20 Kp = 2.11x 10" at...
1-10 Tools Table Window Helg JAVA JESSICA Java Assignment Fall 2017-1 Q- Search in Docament Home Insert Design Layout References Mailings Revlew Vew 0 Name CRN Date 1) Eclipse is the only IDE for...

7. Economic profit (total revenue minus total cost) indicates that an industry is prosperous and promotes its

Question:

Step by Step Answer:

Essentials Of Economics

Students also viewed these Business questions