Answer:
The correct answer is B
Explanation:
Economic profit is the difference among the revenue received from the sale of the output and the cost of all inputs used and opportunity cost.
Zero economic profit, it is the situation where the firm is earning the same if its resources were employed in the next alternative which is best.
When the entry barriers in the market are low, then the firm will have the tendency of having a zero economic profit in the period of long run, as the profit which is short run will attract the extra suppliers which will result in down in the market price of the product.
D. architects. They plan and design all types of buildings and structures
The correct answer would be option D, Markets tend to move towards equilibrium as individuals respond to incentives.
As a result, you and many other college students decide to major in engineering. This illustrates the principle of Equilibrium as individuals respond to incentives.
Explanation:
When supply and demand in an economy balances in the market keeping all other factors constant, then this situation is called as Market Equilibrium. With the change in these factors of the economy, the market equilibrium also changes, and there might be no equilibrium depending upon them at some point of time.
So when students see that there is a demand of engineering in the economy and music graduates are having difficulty in getting jobs due to more supply of music graduates, students move towards the engineering field in order to achieve the market equilibrium as they want to get jobs as an incentive.
Learn more about Market Equilibrium at:
brainly.com/question/91783
#LearnWithBrainly
Taxpayers who recover all or part of an item that they deducted or took a credit for in a prior year, must report the same amount as taxable income.taxable income refers to the<span> gross </span>income<span> or adjusted gross </span>income. It <span>is minus any deductions or exemptions allowed in that tax year. This </span>income<span> includes wages, salaries, bonuses and tips, as well as investment </span>income<span> and unearned </span><span>income.</span>
