Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The return that the entrepreneur can obtain in the best alternative business is called the Select one: a. marginal revenue. O b. economic profit. O

image text in transcribed
The return that the entrepreneur can obtain in the best alternative business is called the Select one: a. marginal revenue. O b. economic profit. O c. marginal profit. O d. normal profit

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

Mostly Harmless Econometrics An Empiricist's Companion

Authors: J D Angrist, Joshua D Angrist

1st Edition

0691120358, 9780691120355

More Books

Students also viewed these Economics questions

Question

=+ Does the message include a solution to overcome the fear?

Answered: 1 week ago

Question

1. Discuss the four components of language.

Answered: 1 week ago

Question

f. What stereotypes were reinforced in the commercials?

Answered: 1 week ago