The difference between zero profit and zero economic profit is that:

Business

1 answer:

Marianna [84]2 years ago

8 0

Answer:

The correct answer is letter "A": economists include opportunity cost in zero economic profit, while accountants do not include opportunity cost in zero profit.

Explanation:

Normal profit is an economic term that means zero economic profits. To an economist, this is normal since total revenue equals total cost which includes both explicit and implicit costs. It differs from the accounting profit or zero profits since the latter does not take into consideration implicit cost.

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Gross private domestic investment includes business: a. purchases of capital goods, all new construction, and inventory investme

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Answer:

a. purchases of capital goods, all new residental constructionand inventory investment

Explanation:

It is the investment measure used for determining the GDP. It is an important part of GDP as it is used as an indicator for the productive capacity i.e. future. It involves the purchase i.e. replacement, net addition made to the capital assets, and the investment made in inventories

So according to this, the option a is considered as it involved all three thins that are shown above

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An unfavorable materials quantity variance indicates that: select one:

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In a cap-and-trade system, ______ set(s) a regulatory cap (limit) on emissions and issue(s) pollution permits, and ______ can bu

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In a cap-and-trade system, the government set(s) a regulatory cap (limit) on emissions and issue(s) pollution permits, and polluters can buy, sell, and trade these permits with others.

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In a cap and trade system, the government sets an emissions cap and issues a quantity of emission allowances consistent with that cap. Emitters must hold allowances for every ton of greenhouse gas they emit. Companies may buy and sell allowances, and this market established an emissions price.

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can frictional unemployment by itself explain the fact that the late 2010s saw more job openings than unemployed workers

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Answer:

Frictional unemployment cannot by itself explain the fact that the late 2010s saw more job openings than unemployed workers.

Instead, frictional unemployment points to the fact that some people are unemployed because they are just entering the labor market for the first time after a long period of absence.

Explanation:

As a part of natural unemployment, frictional unemployment arises when workers search for new jobs or transition from one job to another. During economic recession, there is no increase in frictional unemployment. Typical examples of frictional unemployment are caused by graduating students who join the labor force and are unemployed until they find work and parents who rejoin the workforce after taking sometime to stay at home and raise their children.

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