Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

. If you earn $0.00 in economic profit, which of the following is true? a.There is incentive for you to leave close your business. b.Because

. If you earn $0.00 in economic profit, which of the following is true?

a.There is incentive for you to leave close your business.

b.Because you make no money, you will not be able to support yourself.

c.Your next best alternative is just as pro table as the business you currently run.

d.Your opportunity costs are negligible.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics Principles, Problems and Policies

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

20th edition

978-0077660819, 77660811, 978-1259450242

More Books

Students also viewed these Economics questions

Question

Why does the risk management team review contract details

Answered: 1 week ago

Question

An improvement in the exchange of information in negotiations.

Answered: 1 week ago