One assumption of the perfectly competitive model is free entry and exit. this assumption most directly leads to the implication that positive economic profit is only possible in the short run.
Profit is the difference between the return an economic agent earns from its output and the opportunity cost of its input. It equals total revenue minus total costs (including explicit and implicit costs).
Economic profit or loss is the difference between the revenue from the sale of output and the cost and opportunity cost of all inputs used. Opportunity cost and explicit cost are subtracted from earned revenue when calculating economic profit.
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Answer: True
Explanation:
A resume is used to tell your employers whether or not you are qualified for the job or if you have the skills they look for in a potential employee.
Answer and Explanation:
In recalling the events of Laius 'death, Sophocles blames Oedipus' character. That's because, Oedipus' memory doesn't let him escape the guilt over his father's murder. This means that he has no way to deny what he did, because his own mind shows that he is the murderer. In this way, Sophocles allows Oedipus to become a self-tortured soul, as his thoughts return to that memory and do not allow him to free himself from guilt, which makes Oedipus look for punishment himself.
