--%>
Assignment Help - homework help

Question on economic cost

Select the right answer of the question. Which of the following is not an economic cost? A) wages. B) rents. C) economic profits. D) normal profits.

   Related Questions in Microeconomics

  • Q : Analytic Time in economic theory of

    In economic theory of production: (1) Average fixed costs equally drop as the capacity of firm rises. (2) Technology can be varied wholly. (3) The choices available to firm raise as longer periods are considered. (4) Firms which do not cover all the h

    		•
  • Q : Zxcvbnm

    dssfghjkgfdsaSDFGHJKHGFDSASDFGHJK SDFGHJKLHGFDSADFGHJKHGFDSFG DFGHJKHGFDSFGHJHGSDFGHJ

    		•
  • Q : Economic what is the Production

    what is the Production possibility frontier

    		•
  • Q : Negatively slope of demand curve

    When the demand curve for a firm’s product is negatively sloped into the short run, in that case the firm: (i) operates in a purely or perfectly competitive market. (ii) experiences economies of scale in its production function. (iii) will face

    		•
  • Q : Illustrate ready-to-eat cereal industry

    Brands of ready-to-eat cereal by Kellogg, Post, General Mills and Quaker [for example Frosted Flakes, Raisin Bran and Cheerios] account for more 85 percent of all breakfast cereals sold. Here the ready-to-eat cereal industry is an illustration of: (w)

    		•
  • Q : Marginal and average revenue-market form

    In which market form is the marginal and average revenue of a firm always equivalent? Answer: Average and marginal revenue of a firm are for all time equivalents beneath perfect competition.

    		•
  • Q : Demands for education in relatively

    Most college students strongly are in opposition to tuition raises. When only one student in fifty transfers to other school subsequent a ten percent tuition hike at your school, in that case your economics professor would most likely conclude that most students&rsquo

    		•
  • Q : Price elastic of supply between two

    In between point c and d in this supply curve of 2×4s, the price elastic of supply as: (i) 1.0. (ii) 1.6. (iii) 2.2. (iv) 2.8. (v) 3.4.

    Q : Wages for workers and economic rent The

    The monthly check which you pay to your landlord shows: (w) interest for use of the landlord’s capital, and wages for maintenance workers, economic rent depends on the location and amount of land as well as perhaps, several economic profit (when there is any mon

    		•
  • Q : Purely competitive firm maximizing

    A purely competitive firm maximizes profit through producing where is: (w) P = ATC. (x) P = MR = MC. (y) PQ = TC. (z) AFC = AVC. I need a good answer on the topic of Economics problems. Please give

    		•