--%>
Assignment Help - homework help

Formula for economic profit

Can someone please help me in finding out the precise answer from the following question. The firm’s total revenue minus its net economic costs equivalents its: (1) Economic profit. (2) Taxable income. (3) Marginal income. (4) Accounting profit. (5) Psychic income.

   Related Questions in Microeconomics

  • Q : Analytic Time-The Short Run I have a

    I have a problem in economics on Analytic Time-The Short Run. Please help me in the following question. Economists classify a time-period in which at least one resource is fixed as: (i) Short run. (ii) Long run. (iii) Production period. (iv) Profit period.

  • Q : Demand in a specific period In adding

    In adding up to price, the quantity of a good bought throughout a given period is recognized by: (1) Income. (2) Tastes and preferences. (3) Numbers of buyers in market. (4) Prices of associated goods. (e) All of above. Can someone

    		•
  • Q : What is indifference curve Indifference

    Indifference curve: It demonstrates various combinations of two goods that provide identical level of satisfaction to the consumer.

    		•
  • Q : Law of demand is the price in the "law

    is the price in the "law of demand" a relative price or an absolute price

    		•
  • Q : Determine marginal revenue and marginal

    While this firm maximizes economic profits, in that case marginal revenue and marginal costs would be: (1) $4 per unit. (2) $6 per unit. (3) $8 per unit. (4) $10 per unit. (5) $12 per unit.

  • Q : Total revenue for profit-maximizing TR

    TR stands for total revenue for this profit-maximizing pure competitor as in below figure equals area: (i) 0Phq2. (ii) 0bgq2. (iii) Pbgh. (iv) 0aeq1. (v) daef.

    Q : Problem on coefficient of income

    Refer to the following diagrams give the answer of following question. In which case would the coefficient of income elasticity be positive? 1) A 2) B  3) C  4) D    

    Q : Discounted by an appropriate interest

    A fundamental principle of finance is that the net cash flows expected by an investment are: (w) all future revenues expected by the investment minus the purchase price of the capital. (x) negatively associated to the interest rates related with borrowing investment f

    		•
  • Q : Find absolute value of the price

    Two thousand four hundred students subscribed to cable TV services while they enrolled like freshmen. 800 of them students dropped the service while the price of cable rose by $25 to $35 per month. The absolute value of the price elasticity of demand

    		•
  • Q : Variation of supply of loanable funds

    The supply of loanable funds varies positively along with the: (w) willingness of people to defer consumption into the future. (x) profitability and productivity of new capital investments. (y) price of the output which new capital will produce. (z) f

    		•