Answer:
A. becomes positive once the value of the next best use of resources used in production is included
Explanation:
Economic profit is accounting profit less implicit cost or opportunity cost.
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
Accounting profit is total revenue less total cost.
If in the short run firms are earning economic profit, in the long run firms would enter into the industry and this would drive economic profit to zero. While economic profit is zero, accounting profit would be postive. So the firm would still be earning accounting profit.
I hope my answer helps you
Answer:
Like the title of the article states, all economy relayed choices are the results of an incentive or disincentive a potential polluter faces. He gave the example of the Lake Erie, stating that is highly reasonable (although highly unethical) it is polluted, as it is financially efficient to simply dump garbage in the lake, rather than invest in a recycling or waste management system. He also added, that since the lake is a public good, no one will look at the pollution as a serious concern, since it isn't owned by anybody.
All of this implies that a structured, incentive system has to be created in order to curb pollution.
Answer – False
Brand ambassadors are typically hired by a company to represent their brand, with the goal of
increasing public awareness and ultimately, the sales of the brand. A brand evangelist,
on the other hand, is usually a customer or true fan who is passionate about spreading a company's brand message.
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Answer: D. The employee must adjust
In a vertical relationship between an employee and a supervisor, the employee is the one who does most of the adjustment. In a vertical relationship, the employee directly reports to the higher ranking official that is the supervisor.