--%>
Assignment Help - homework help

Computing economic profit

To compute the economic profit, it is essential to know the opportunity cost of: (i) Capital. (ii) Land. (iii) Labor. (iv) All the productive resources.

Can someone please help me in finding out the accurate answer from the above options.

   Related Questions in Microeconomics

  • Q : Excess in balance of trade When there

    When there is an excess in the balance of trade? Answer: When export > import (that is, when export is greater than import).

    		•
  • Q : Operation of profit maximizing pure

    This profit-maximizing pure competitor would stop operating within this market into the long run when the price was expected to be persistently less than the price consequent to: (i) point c. (ii) point d. (iii) point e. (iv) point f. (v) point g.

    		•
  • Q : Problem on Boycotts People who reject

    People who reject to purchase the products of a firm whose actions they condemn, especially when such rejection is intended to support the employees who are on strike, and who urge others to not purchase such products, or to not deal with these firms, are engaged in a

    		•
  • Q : Divide future income by one plus

    To discount income which will be received in one year from the interest rate, we: (w) multiply the future income by the interest rate. (x) divide the future income by the interest rate. (y) divide the future income by (1 + the interes

    		•
  • Q : Total revenue when output exceeds When

    When output is expanded, then a firm's total revenues: (1) are maximized where marginal revenue is zero. (2) decline whenever average revenue falls. (3) rise more quickly the faster marginal returns diminish. (4) are maximized where profit is maximize

    		•
  • Q : Defined Welfare Recipients By

    By description, a family of four receives welfare when it: (1) pays a smaller share of taxes than its share of benefits from government. (2) lives below the poverty line. (3) includes a student attending college on an academic scholar

    		•
  • Q : A purely competitive industry long-run

    The long-run dynamics of purely competitive industry make sure that:( w) surviving firms make positive economic profits. (x) accounting profits will equal economic profits. (y) accounting profits will be zero. (z) economic profits will be zero. <

    		•
  • Q : Problem on average retail price and the

    Table indicate the average retail price of milk and the Consumer Price Index in the year 1980 -1998. 1010_Average</span></p> </div> <!-- /comment-box --> </li> </td> </tr><tr> <td> <li> <div class=

    Q : Characterization of markets Each and

    Each and every market is characterized by: (i) Widespread advertising, marketing, and sales promotions. (ii) Demands from each and every individual for all products. (iii) Potential buyers ready to pay and potential sellers ready to supply. (iv) Government licenses pr

    		•
  • Q : Law of comparative benefits Can someone

    Can someone please help me in determining the right answer from the following question. The law of comparative benefit exhibits: (a) Why trade with a country in which salaries are low is not fair. (b) How countries try to use each other via trade. (c)

    		•