--%>
Assignment Help - homework help

Normal accounting profits

I have a problem in economics on Normal accounting profits. Please help me in the following question. The normal accounting profits are considered by the economists to be: (i) Exploitation of the consumer. (ii) Evidence of monopoly power. (iii) Economic costs of the production. (iv) Extreme economic profit.

Choose the most appropriate option.

   Related Questions in Microeconomics

  • Q : Farm employment Over the past several

    Over the past several decades, farm employment has: A) grown absolutely, but declined as a percentage of total employment. B) declined both absolutely and as a percentage of total employment. C) increased both absolutely and as a percentage of total employment. D) dec

    		•
  • Q : Elucidate the merits of mixed economy

    Elucidate the merits of mixed economy system?

    		•
  • Q : Labor Force Participation Rates The

    The percentage of a specific population who is either unemployed or employed or is termed as the: (i) Labor force participation rate. (ii) Work-force proportion. (iii) Income-leisure loss curve. (iv) Substitution effect dominance rate. (v) Labor supply.

  • Q : Determine the equilibrium prises When

    When both sellers and potential buyers suppose prices for rider lawn mowers to raise as summer approaches, in that case throughout March and April (in the short run), the equilibrium: (w) price falls but quantity changes are ambiguous. (x) price rises

    		•
  • Q : Analytic time in the market period In

    In the market period: (w) price is constant. (x) output is constant. (y) supply is horizontal. (z) supply is completely elastic. Please guys help to solve this problem of Economics with some explan

    		•
  • Q : Abolition of exploitation The removal

    The removal of exploitation of labor [that is, wage payments beneath the value to society of each and every individual worker’s productive contribution] is automatic when business decision makers: (v) Should set wages via collective bargaining agreements with th

    		•
  • Q : Influence of Demand in the market price

    I have a problem in economics on Influence of Demand in the market price of good. Please help me in the following question. In short run, a demand curve would not shift the following a change in: (i) The size and distribution of national income. (ii)

    		•
  • Q : Cut price and earn negative profit A

    A huge firm may cut price and earn negative profit when a new firm enters the market so as to: (w) induce the new firm to exit. (x) build a reputation for cutting price so as to deter future entry. (y) gain market control. (z) All of the above. <

    		•
  • Q : Simulated demand A department store

    A department store faces a decision for a seasonal product for which demand can be high, medium or low. The purchaser can order 1, 2 or 3 lots of this product before the season begins but cannot reorder later. Profit projections (in thousands of euro) are shown below:

    		•
  • Q : LEAST affected market interest rate

    Market interest rates are LEAST affected through: (w) people’s willingness to defer consumption when they are rewarded for doing so. (x) people’s desires for liquidity. (y) the marginal productivity of new capital relative to its price. (z

    		•