--%>

Earn zero profit in long run by perfectly competitive firms

Which of the given statements is right?: w) Economic profit takes within account all costs involved within producing a product. x) Accounting profit is not relevant within preparing the firm's financial statement. y) Economic profit all the time exceeds accounting profit. z) Accounting profit is similar as economic profit.

Can someone explain/help me with best solution about problem of economic...

   Related Questions in Public Economics

  • Q : Improvements in Economic growth I have

    I have a problem in economics on Improvements in Economic growth. Please help me in the following question. Economic growth would be encouraged by enhancements in: (1) Economic efficiency. (2) Technology. (3) People’s attitudes. (4) Unemployment

  • Q : Requirements of Economic Efficiency

    Economic efficiency needs: (w) distributive, productive and allocative efficiency. (x) engineering and dynamic efficiency. (y) historical and sociological efficiency. (z) chemical and physical efficiency. How can I

  • Q : Opportunity cost of buying a new car I

    I need a good answer upon the topic of opportunity cost problems. What is the opportunity cost of buying a new car: (i) last dollar price one pays for this. (ii) Value of the old car traded within. (iii) Sticker pr

  • Q : Consequence of the increased

    People would be least probable to be happier like a consequence of the increased accessibility of: (1) free goods. (2) economic resources. (3) superior technologies. (4) economic goods. (5) economic bads. Hello guys I want your adv

  • Q : Explain Economics as the extensive

    Economics can be explained as the extensive study of the effects of: (w) money and why having this is good. (x) production costs and profits. (y) how people attempt to gratify their boundless needs. (z) purchases, acquisitions and mergers.

  • Q : Existence of scarcity for human survival

    Please help me to solve the problem of scarcity that is given below: Why is Scarcity existed for human: (1) survival requires unlimited resources, (2) needs are enormous relative to the means obtainable to satisfy

  • Q : Concept of income more to the poor than

    The concept about, on average, further income implies more to the poor than to the rich conforms most to the teachings or philosophy of: (1) Thorstein Veblen. (2) Friedrich Nietzsche. (3) Gautama Buddha. (4) Jeremy Bentham. (5) Nostradamus. (6) Adam S

  • Q : Define smog as in Bads economics problem

    Smog is: (w) a good since this gives the air texture. (x) a bad because most people would pay to find rid of this. (y) a free good since you could consume all you desire without having to pay for this. (z) an inefficient utilization of resources.

    Q : Wealthy entrepreneurs by perfectly

    Do you agree along with the adage such that "You cannot find rich working for somebody else"? Should successful entrepreneurs serve others to enrich themselves? Can wage earners acquire great wealth without investing? How may you test the accuracy of your answ

  • Q : Limitation of resource category of

    I need a good answer on the topic of Economic problems. Please give me your suggestion that the economists’ resource category of “land” would not contain: (1) coal, petroleum, and other minerals. (2) the fish and water within the oce