What will be produced in all economic systems
What will be produced in all economic systems?
Expert
In order to be profitable, businesses must respond to consumers’ (individuals, other businesses, and the government) wants and desires. When businesses allocate resources in a way that is responsive, businesses will be profitable and allocative efficiency will be achieved. Accounting profits are total revenue minus total accounting costs. In economics, the return to the entrepreneur is treated just like the return to the worker, i.e., it is an economic cost and must be received if the entrepreneur is going to continue to produce in that industry. Normal profits are the return to the entrepreneur that is necessary for him/her to continue to produce that product. Any revenue received beyond normal profits is pure or economic profit.
Illustrate the rate of exchange of two products?
Give a brief introduction of the term Operating Leverage?
Managerial Economics Meaning and definition Managerial economics general refer to the integration of economy th
Briefly describe the term Cost of debt?
Describe briefly Low financial leverage, low operating leverage?
How do you account for the dominant role of corporations in the U.S. economy?
Not between exact activities for government to undertake, according to Adam Smith, would be for the government to: (1) maintain public institutions and public works. (2) protect society by invasion. (3) serves as a medium for law and justice. (4) regu
What are the determinants of demand?
Which of the given is the best illustration of a perfectly competitive industry: w) wheat production. x) steel production. y) electricity production. z) airplane production. Hey friends please give your opinion for
An important drawback of "traditional yield spread analysis" is the "failure to take into account future interest rate volatility that would affect the expected cash flow" of a fixed income security. How does option adjusted spread analysis correct for the "failure" of traditional yield spread analy
18,76,764
1929939 Asked
3,689
Active Tutors
1438606
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!