Answer: MFP= 4.00±0.01
Explanation:
Which of the following statements about the relationship between the financial market and the
1 answer:
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Answer:
c. $240,000
Explanation:
Her economic profit is given by her revenue deducted by the explicit costs (I=$150,000) and implicit costs (opportunity cost).
Her monthly revenue is:
Her opportunity cost is:
Her economic profit is:
The answer is c. $240,000.
When there is a decrease in supply, it would be reflected by a change from Curve A to Curve C.
<h3>How are supply decreases reflected?</h3>When supply decreases, it leads to the supply curve shifting to the left to show that there is a lesser quantity available.
In the graph therefore, a decrease in supply would be shown as a shift from Curve A to Curve C or Curve B to Curve A.
Find out more on decreases in supply at
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