--%>
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 : Effects of high probability of

    Since of the high probability of bankruptcy and default of a latest corporation, new corporations: (i) Encompass little trouble selling bonds. (ii) Would prefer to the issue stock. (iii) Encompass more trouble selling bonds than the established corporations. (iv) Woul

    		•
  • Q : Value of Marginal Product The social

    The social value of additional output from the additional units of labor is as: (1) Marginal revenue product [or MRP] of labor. (2) Wage rate or price of the labor. (3) Average revenue product [or ARP] of labor. (4) Value of marginal product [or VMP] of labor. (5) Mar

    		•
  • Q : Hire labor at any amount in purely

    When this purely competitive firm can hire any amount of labor at pre hour wage of $9 per worker, in this given figure, as it will hire: (1) L2 workers. (2) L3 workers. (3) L4 workers. (4) L5 workers. (5) L<

    		•
  • Q : Market interest rate at break-even

    When land that rents for $100,000 yearly can be bought for $800,000 now, it will be a break-even investment when the market interest rate is: (i) 6%. (ii) 10%. (iii) 12.5%. (iv) 15%. (v) 8%. Can anybody suggest me the proper explan

    		•
  • Q : Asset demand Select the right answer of

    Select the right answer of the question. The asset demand for money: A) is unrelated to both the interest rate and the level of GDP. B) varies inversely with the rate of interest. C) varies inversely with the level of real GDP. D) varies directly with the level of nom

    		•
  • Q : Efficiency of monopolistic competition

    Defenders of the efficiency of monopolistic competition are mainly persuasive when they insist which: (w) consumers benefit greatly from product differentiation. (x) any inefficiency is far less harmful than that of pure monopoly. (y) pure competition

    		•
  • Q : Problem on harvesting-Production Can

    Can someone help me in finding out the right answer from the given options. The speculator who purchases wheat at harvest time throughout the late falls or early on winter, contracts for its storage, and then vends the wheat afterward in the winter, spring or in summe

    		•
  • Q : Compute Gini Index The areas

    The areas illustrates in this Lorenz diagram can be used to compute a Gini index as: (i) (cow + pig)/cow. (ii) cow2/(cow + pig).  (iii) pig2/(cow + pig). (iv) cow/(cow + pig) (v) (cow + horse)/pig.

    Q : Reduce output to increase profit

    When the last unit produced as well as sold adds $75 to a profit-maximizing firm’s revenue with $100 to its costs, in that case the firm will: (w) increase output to increase profit. (x) reduce output to increase profit. (y) maintain similar lev

    		•
  • Q : Central bank executes clearing house

    Central bank executes the function of a clearing house. Explain how? Answer: Each and every bank keeps cash reserves with central bank. The claims of banks against

    		•