Answer:
c. will earn zero economic profits but positive accounting profits
Explanation:
A competitive industry is characterised by many buyers and sellers of homogenous goods and services.
There are no barriers to entry and exit of firms. If firms in a competitive industry earn economic profit in the short run, firms enter into the industry in the long run and economic profit falls to zero.
A competitive firm earns accounting profit but doesn't earn economic profit.
Accounting profit = Revenue - Cost
Economic profit = Accounting profit - Opportunity cost
I hope my answer helps you.
Answer:
True
Explanation:
The three main sources of assets for a business are:
- investments by owners (total paid in capital), refers to the money that the owners are willing to invest in the company and it should be used to finance operating activities.
-
borrowing from creditors, refers to both long term and short liabilities that allow the company to increase their assets, e.g. merchandise or equipment purchased on credit, or a loan.
- earnings activities, refers to the company's retained earnings from previous years that is reinvested in new or existing projects.
Answer:
Angel Investors
Explanation:
An angel investor is the one who provides capital to entrepreneurs so that they are able to invest in the new ideas and businesses which are in the early stage and will generate value in the near future. So angel investors are basically named angel because for the startups its reallt very difficult to finance their businesses because banks don't provide funds to startups because these startups have very fewer resources to compete in the market and as a result they fail. So the person who assists here is really an angel.
Answer: (2823, 3417)
Explanation:
The confidence interval for the population mean is given by :-
, where E is the margin of error.
Formula for Margin of error :-
Given : Significance level : 
Sample size = 20
Critical value : 
Margin of error : 
Now, the 95% confidence interval for the population mean will be :-
