Define abnormal profit
Abnormal profit: It is the gain earned over and above the normal profit.
Curing scarcities in the market for ice cream needs: (i) Rises in the price of ice cream. (ii) Reduces in the supply of ice cream. (iii) Rises in the demand for ice cream. (iv) Reduction in the price of ice cream. (v) Burden of a price floor.
Drive-by shootings by that several groups of beer or liquor distributors or producer attempted to liquidate rival groups largely finished while the: (w) U.S. Constitution was ratified and Whiskey Rebellion which began into 1794 finally finished. (x) 21st amendment to
I have a problem in economics on Synonym for the economist’s term utility. Please help me in the following question. The reasonably close by synonym for the economist’s term utility is: (1) Consumption. (2) Marginalism. (3) Discontentment. (4) Satisfaction
When Nostalgia Corporation maximizes profit in its production of Silver Screen DVDs, in that case its average production cost per DVD will be roughly: (i) $3 per copy. (ii) $5 per copy. (iii) $7 per copy. (iv) $9 per copy. (v) $11 per copy.
Lowering prices will raise total revenue from DVD game sales at all prices as: (w) on this demand curve. (x) below $25. (y) above $25. (z) below $30. Q : Problem on demand curve Give me answer Give me answer of this question. Refer to the following diagram. Other things equal, a rightward shift of the demand curve would: A) depreciate the dollar. B) appreciate the dollar. C) reduce the equilibrium quantity of euros. D) depreciate the euro.
Give me answer of this question. Refer to the following diagram. Other things equal, a rightward shift of the demand curve would: A) depreciate the dollar. B) appreciate the dollar. C) reduce the equilibrium quantity of euros. D) depreciate the euro.
I have a problem in economics on Union-Nonunion Wage Differentials. Please help me in the following question. All else equivalent, when employment in an industry raises, the average wage differential gap among union and non-union workers: (1) Narrows.
Can someone please help me in finding out the accurate answer from the following question. Even a moderate minimum wage law influences labor markets by causing the unemployment of: (1) Unskilled workers when the labor market is per
Into the long run, interest rates depend LEAST upon the: (1) premiums needed to induce savers to delay consumption. (2) premiums necessary to induce wealth holders to sacrifice liquidity. (3) productivity of new capital. (4) demands and supplies of lo
When the firms are earning abnormal gains, how will the number of firms in industry change? Answer: The number of firms in industry will tend to rise.
18,76,764
1937382 Asked
3,689
Active Tutors
1451762
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!