Define abnormal profit
Abnormal profit: It is the gain earned over and above the normal profit.
The firm beneath perfect competition is a price taker by the reasons shown below:A) Number of firms: The number of firms beneath perfect competition is so big that no individual firm by changing sale, can cause an
Select the right ans wer of the question.Nonrivalry and nonexcludability are the main characteristics of: A) capital goods. B) private goods. C) public goods. D) consumption goods.
Interest rates on specified financial instruments tend to be lower the: (1) shorter the period to maturity. (2) greater the risk of default. (3) less liquid is the asset. (4) greater the expected rate of inflation. (5) greater the face value is relati
Which of the given statements, if true, seems most probable to yield behavior which would conflict with the law of demand? (i) People cannot afford to drive as much whenever the price of gasoline goes above $3.00 per gallon. (ii) The greater heroin addicts encompass i
For a nondiscriminating monopolist, there marginal revenue is: (w) profit per unit minus cost per unit. (x) total revenue per unit minus total cost per unit. (y) the modification in total revenue divided by the modification in total c
Refer to the below diagram, in which Qf is the full-employment output. If aggregate demand curve AD1 describes the current situation, appropriate fiscal policy would be to: A) increase taxes and reduce government spending to shift the aggregate d
Give the answer of following question. The division of labor means that: 1) labor markets are geographically segmented. 2) unskilled workers outnumber skilled workers. 3) workers specialize in various production tasks. 4) each worker performs a large number of tasks.<
I have a problem in economics on Corporate Finance and Retained Earnings. Please help me in the following question. The corporate income reserved by the corporation subsequent to paying corporate income taxes and dividends to the owners of general sto
The cranberry industry’s short-run supply is demonstrated as: (i) curve A. (ii) curve B. (iii) curve E. (iv) curve F. (v) curve G. Q : Buying on margin What does “ buying on What does “buying on margin” means?
What does “buying on margin” means?
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