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33. What is the difference between Accounting Profit and Economic Profit? 34. What is the difference in resources from the Short Run to the Long
33. What is the difference between Accounting Profit and Economic Profit? 34. What is the difference in resources from the Short Run to the Long Run? 35. What affects a firm's cost of producing a good/service? 36. Define Marginal Product. 37.Whatis equal to Total Product divided by Total Resource Units? 38. What is the Law of Diminishing Returns? 39. Fill in the missing values. Variable Total Marginal Marginal Average Resource Product Product Retums Product Units 0 25 25 Increasing 25 42 21 42 0 -2 10
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