1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
forsale [732]
3 years ago
15

A firm earns a normal profit when its: Multiple Choice accounting profit is positive. economic profit is positive. economic prof

it is zero.
Business
1 answer:
erastova [34]3 years ago
8 0

Answer:

The correct answer is accounting profit is positive.

Explanation:

Economic profits are the difference between the total revenue earned by selling the goods and total costs incurred in the production process. It includes both implicit as well as explicit costs.

The explicit costs are the direct costs incurred in the production process. There is an actual payment involved.  

The implicit costs are the indirect costs incurred. They are generally the opportunity cost of sacrificing the alternative option. There is no actual payment involved.  

The accounting profits include only explicit costs incurred in the production process. It is the difference between total revenue earned and explicit cost.  

A normal profit means zero economic profits. But accountable profits is higher than economic profits, so there will be some positive accountable profit.

You might be interested in
Many critics have argued that a sales or consumption tax should be eliminated because of its regressive nature. what is the basi
ivolga24 [154]
The basis for this argument is that consumption tax takes a larger percentage of income from low income earners than from high income earners. This is because consumption tax is uniformly applied to all people irrespective of their situation.<span />
5 0
3 years ago
Read 2 more answers
Why might someone who is just starting out prefer a regular savings account to a CD?
iragen [17]
Cds are time deposits that you can close before the term ends but might pay early penalty for withdrawing early. Cds vary with the financial institution. I would say a savings account
6 0
3 years ago
The major difference between a low-cost provider strategy and a focused low-cost strategy is the a. amount of outsourcing involv
docker41 [41]

The major difference between a low-cost provider strategy and a focused low-cost strategy is the size of the buyer group to which a company is appealing.

<h3>What is a strategy?</h3>

These are devices company employ to achieve their medium and long term objectives.

Hence, the major difference between a low-cost provider strategy and a focused low-cost strategy is the size of the buyer group to which a company is appealing.

Learn more about strategies here: brainly.com/question/24462624

#SPJ12

6 0
2 years ago
The manager of a 100-unit apartment complex knows from experience that all units will be occupied if the rent is $900 per month.
Aliun [14]

Answer:

$950 in order to maximize the revenue.

Explanation:

The computation of monthly rent in order to maximize revenue is shown below:-

R (x) = Rent price per unit × Number of units rented

= ($900 + $10 x) × (100 - x)

= $90,000 - 900 x + 1000 x - 10 x^2

R (x) = -10 x^2 + 100 x + $90,000

Here to maximize R (x), we will find derivative and equal it to zero

R1 (x) = -20 x + 100 = 0

20 x = 100

x = 5

Therefore the monthly rent is p(5) = $900 + 10(5)

= $900 + 50

= $950 in order to maximize the revenue.

3 0
3 years ago
Another name for a negotiated labor-management agreement is a?
statuscvo [17]

Another name for a negotiated labor-management agreement is a Collective bargaining agreement (CBA).

<h3>What is Collective bargaining agreement ?</h3>

Collective bargaining agreement  can be regarded as the  contract which encompass  results of the negotiations that exist between the employer and the union.

Therefore, Another name for a negotiated labor-management agreement is a Collective bargaining agreement (CBA).

Learn more about agreement at

brainly.com/question/375033

#SPJ1

8 0
2 years ago
Other questions:
  • Lionel joined the International Council on Hotel, Restaurant and Institutional Education for career guidance. Which profession i
    5·1 answer
  • A firm that has recently experienced an enormous growth rate is seeking to lease a small plant in Memphis, TN; Biloxi, MS; or Bi
    7·1 answer
  • If you have 4.00 gg of H2, how many grams of NH3 can be produced?
    15·1 answer
  • Grocery stores frequently put new products in high visibility locations such as the end of an aisle or near the checkout lanes.
    6·1 answer
  • One problem with the consumer price index stems from the fact that, over time, consumers tend to buy larger quantities of goods
    13·1 answer
  • Without _____, businesses would find it difficult, if not impossible, to buy more raw materials, hire more employees, attract mo
    6·1 answer
  • Building piles of documents is an efficient way to organize.<br><br> True or False
    15·1 answer
  • Marketing firms strive to ensure that people are aware of their products because people assume that if they have heard about cer
    10·1 answer
  • I just applied for moderator<br> wish me luck
    10·2 answers
  • Imagine you take a shopping trip to a flea market, and you are looking for an old record player. You know the typical antique re
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!