--%>
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 : Annually paying exact amounts by

    Securities annually paying exact amounts forever are: (1) stocks. (2) perennials. (3) royalties. (4) renewals. (5) perpetuities. How can I solve my Economics problem? Please suggest me the correct answer.

    		•
  • Q : Monopolies over brand name products of

    Several firms have monopolies over brand name products, although face competition from: (w) international cartels. (x) oligopolistic rivals. (y) producers of close substitutes for their products. (z) intra-firm rivalry.

    Q : Equality between marginal revenue and

    If all variable costs can be covered, in that case every firm maximizes profit by adjusting output till: (w) total revenue is maximized. (x) marginal revenue = average cost. (y) average cost = marginal cost. (z) marginal revenue = marginal cost.

    		•
  • Q : Value of the Average Product Hulk is

    Hulk is the fitness counselor who coaches 5 clients at a time in the exercise groups at Beefcake Body Builders. His hourly salary is $17, and Beefcake charges Hulk’s clients $20 for each and every hour-long conditioning session. Average value of the product Hulk

    		•
  • Q : In the quintile distribution of income

    In the quintile distribution of income, the term "quintile" represents

    		•
  • Q : Price elasticity when total revenue

    Total revenue grows while the price of a good is cut when the price elasticity of: (w) demand exceeds the price elasticity of supply. (x) substitute goods is less than one. (y) supply is into a relatively elastic range. (z) demand is

    		•
  • Q : Determine total cost of

    This profit-maximizing competitive firm's total cost as TC=TFC+TVC, as in demonstrated figure can be calculated as area: (i) 0P3fq4. (ii) P2P1de. (iii) P3P2ef. (iv) 0P<

    		•
  • Q : Changing effects of price of a product

    Increasing the price of a product will raise total revenue proportionally into the unlikely event which demand was: (1) perfectly price elastic. (2) relatively price elastic. (3) unitarily price elastic. (4) relatively price inelastic (5) perfectly price inelastic.

    		•
  • Q : Monopsony Power and Immobility of Labor

    Immobility of the labor is significant economically as: (1) Most of the people like to move, however cannot. (2) People in high salary occupations won't be completely compensated for the costs and difficulties related with their occupations. (3) It we

    		•
  • Q : Problem on merging firms Elucidate how

    Elucidate how the efficiency might increase when two firms merge? Answer: If the two firms merge, their joined efficiency is expected to enhance owing to: