Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jan 13, 2023

The profits that an entrepreneur earns when economic profits are zero is called: return on risk. entrepreneurial profit. O normal profit. O accounting profit.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

The detailed answer for the above question is provided below C... 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

Step: 3

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

Managerial Economics

Authors: Mark Hirschey

12th edition

9780324584844, 324588860, 324584849, 978-0324588866

More Books

Students also viewed these Economics questions

Question

★★★★★

When a profit sharing agreement specifies that profits should be divided using the ratio of capital balances, how should capital balances be computed?

Answered: 1 week ago

Question

★★★★★

An input i is called normal its demand increases with output, that is, Dyx* (w, y) > 0. Otherwise (Dyx* (w, y) Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

When an entrepreneur is trying to determine how management decisions have impacted the business for the past year what four areas are critical What ratios would need to be calculated to find answers

Answered: 1 week ago

Question

★★★★★

Let U=(1,2,3,4,5,6,7,8,9,10,11,12,13,14), M=(2,4,5,6,7), and N={9,10,11,12,13,14,15). Find MON. MON (Use ascending order. Use a comma to separate answers as needed.) =

Answered: 1 week ago

Question

★★★★★

After preparing the budget for the second quarter based on the parameters in Case 5-38, Kim Klandon was not satisfied with the projected results and began to investigate the following alternatives....

Answered: 1 week ago

Question

★★★★★

During the 2013 presidential inauguration, a controversy arose: Did Beyonc lip-sync the national anthem? No definitive answer was offered by those involved. What was clear was that the National...

Answered: 1 week ago

Question

★★★★★

A continuous variable X has density function f (x) = 2c + 3, 2 x 6. Then the value of c is 12.

Answered: 1 week ago

Question

★★★★★

A paper in the Journal of the Association of Asphalt Paving Technologists (Vol. 59, 1990) describes an experiment to determine the effect of air voids on percentage retained strength of asphalt. For...

Answered: 1 week ago

Question

★★★★★

Cullumber Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department D, direct...

Answered: 1 week ago

Question

★★★★★

As Lush UK implemented the change, how could it measure the effects of leaving and then returning to social media on the achievement of its marketing goals? Lush Fresh Handmade Cosmetics UK sells...

Answered: 1 week ago

Question

★★★★★

8. NewOne Company has a debt-equity ratio of 0.70. Return on assets is 8.50 percent, and total equity is $517,000. What is the Equity Multiplier? (Remember: E= 1 - D/E) What is the ROE? What is the...

Answered: 1 week ago

Question

★★★★★

1(x) Given the graphs of f(x) and h(x). 6 5 2 1 0 4 3 h(x) 6 5 4 3 2 1 0 0 2 3 x a) Let g(x) = f(x) h(x). What is the value of g'(2)? b) Let p(x) = f(x)/h(x) What is the value of p'(2)? c) Write out...

Answered: 1 week ago

Question

★★★★★

A . ( 1 5 p ) A pharmacy dispensing medicines is staffed by one pharmacist open 1 0 hours a day. On average It takes 1 5 0 seconds to serve a customer, and a customer arrives every 4 minutes....

Answered: 1 week ago

Question

★★★★★

Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in...

Answered: 1 week ago

Question

★★★★★

2. (34%) The frame is subjected to a vertical 13 kip force at E and a horizontal 10 kip force a B. Neglect the self-weight of the frame. Find the internal forces (axial, shear, and bending moment) at...

Answered: 1 week ago

Question

★★★★★

Lightning Electronics is a midsize manufacturer of lithium batteries. The company's payroll records for the November 1-14 pay period show that employees earned wages totaling $70,000 but that...

Answered: 1 week ago

Question

★★★★★

Where does the $61 for the Variable manufacturing costs come from?

Answered: 1 week ago

Question

★★★★★

In Exercises 1558, find each product. (9 - 5x) 2

Answered: 1 week ago

Question

★★★★★

What are the main characteristics of accurate forecasts?

Answered: 1 week ago

Question

★★★★★

Dr. Isobel Stevens is supervising physician at the Westbury HMO, a New York City-based medical facility serving the poor and indigent. Stevens is evaluating the cost effectiveness of a preventive...

Answered: 1 week ago

Question

★★★★★

Assume the Hand Tool Manufacturing Industry Trade Association recently published the following estimates of demand and supply relations for hammers: QD = 60,000 - 10,000P (Demand), QS =...

Answered: 1 week ago

Question

★★★★★

17. A sales manager is asked to forecast the total sales of his division for a forth coming period of time. He feels that his loss function is linear as a function of the difference between his...

Answered: 1 week ago

Question

★★★★★

19. An economist is asked to predict a future value of a particular economic indicator, and he thinks that his loss function is linear with ku = 4k0. If his distribution is a uniform distribution on...

Answered: 1 week ago

Question

★★★★★

14. Attempt to determine your own utility function for money in the range from $500 to +$500. If you were given actual decision-making situations, would you act in accordance with this utility...

Answered: 1 week ago

Previous Question Next Question