Answer:
well technically nothing u say is illegal because of the 1st amendment. but for your question i honestly dont know because every text book is different
Explanation:
ill do research for you
The U.K. is related to the U.S. because is a democracy
Answer:
$10,000.
Explanation:
The economic profit by Robert is $10,000. this is calculated below.
The amount withdrawn and invested = $100,000
Cost of property sold = $120,000
Profit from the sale of the property = $20,000
Amount made if he had not withdrawn the money = $110,000
Profit if he had not withdrawn the money = $10,000
Economic profit = $20,000 - $10,000
= $10,000
The opportunity cost of $10,000 (foregone interest) must be included to determine economic profit.
Consider a perfectly competitive industry in long-run equilibrium. if a single firm in that industry discovers a significant cost-saving production technology, then the rest of the industry will quickly adopt the new technology.
A perfectly competitive market reaches long-term equilibrium when not all firms are making economic profits and the number of firms in the market remains the same. Minimizing the long-run average total cost.
In a perfectly competitive market at long-term equilibrium, an increase in demand produces economic gains in the short term and leads to market entry in the long term. Declining demand will lead to economic losses (negative economic gains) in the short term and will force some companies to exit the industry in the long term.
Learn more about equilibrium at
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