Problems-
1. The difference between economic profit and accounting profit is due to the economists' inclusion of opportunity costs of capital.
A) True
B) False
2. The short-run supply curve for an industry is derived by adding together the output of every firm in the industry at various prices.
A) True
B) False
Additional Information-
These multiple choice problems belong to Economics. The first problem is about the difference between accounting profit and economic profit and the second problem is about deriving at short-run supply curve for an industry.