Positive economic profit and accounting profit

Purely competitive equilibrium, in long-run firms normally experience positive accounting profit and economic profit which is: (w) also positive, but smaller. (x) zero. (y) negative, but barely that why. (z) either positive, zero, or negative.

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

View Complete Question

Related Questions in Microeconomics

Q : Equilibrium Market Price by Rate of

Assume that an existing apartment complicated is predicted to generate a consistent net of $1,250,000 cash flow per year into rent, after deducting all recurring variable costs (for example, taxes, utilities, and maintenance). When th

Q : Demand when price of good or resource

When the price of a good or resource drops, the demands for: (i) That good or resource raise. (ii) Complementary goods or resources reduce. (iii) Substitute goods or resources reduce. (iv) Luxury goods and inferior resources drop.

Q : Abandonment of perfect competition This

This needs to be identified that general abandonment of supposition of perfect competition, universal adoption of supposition of monopoly, need to have extremely destructive consequences for economic theory.”

Q : Importance of strategic management

Explain in brief about the importance of strategic management towards the success of a business?

Q : Economic of short-run shuts down firm

When a firm shuts down within the short run, in that case it’s economic: (w) profit is zero. (x) resources have zero opportunity cost. (y) loss equals its fixed cost. (z) value to shareholders rises. Please guys help to solve

Q : Diminishing Marginal Utility of a good

Whenever eating a whole pizza and realizing that the last piece didn’t taste almost as good as the first, you are experiencing is: (1) Diminishing the marginal utility. (2) Law of comparative advantage. (3) Law of income effect. (4) Law of supply.

Q : Average cost minimization at level of

HoloIMAGine has patented a holographic technology which makes 3-D photography obtainable to consumers. There level of sales and production at that HoloIMAGine would minimize its average cost [ATC] of production corresponds to as: (1)

Q : Long-run supply in constant cost

Within a constant-cost industry: (w) short-run supply is totally elastic. (x) long-run supply is completely elastic. (y) short-run supply is fully inelastic. (z) long-run supply is wholly inelastic. I need a good a

Q : Needs by marginal revenue equals to

A monopolist produces where marginal revenue [MR] equals marginal costs [MC] when it needs to maximize: (i) total revenue. (ii) consumer surplus. (iii) profits. (iv) total revenue, producer surplus and profits. (v) job security.

Q : Problem on income and substitution

Jim a vegetarian. All he eats is lettuce and cheese. His original budget constraint and utility maximizing bundle are illustrated in the graph shown below: 1531</span></p>
</div>

</li>

</td>
</tr>
</table>

</ul>

</div>
</div>
<div class=

Discover Q & A

Leading Solution Library

Avail More Than 1448963 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1946930
Asked

3,689

Active Tutors

1448963

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment