--%>
Assignment Help - homework help

Accounting profit when implicit cost exceed implicit revenue

Can someone please help me in finding out the accurate answer from the following question. When implicit cost surpasses implicit revenue and economic profit is zero (0), then accounting profit is: (1) Bigger than zero. (2) Zero. (3) Less than 0 (zero). (4) Not specifiable devoid of more information.

   Related Questions in Microeconomics

  • Q : Determine output by profit maximization

    LoCalLoCarbo that is the favorite corporation of fad dieters maximizes profit by making: (1) output q1 . (2) output q2 . (3) output q3 . (4) output q4 . (5) output q5 .

    Q : Corporations stockholders not liable

    The corporation’s stockholders are not personally liable for the debts of firm since: (1) The Corporation is considered as a legal person, separate from its owner. (2) Usually there are too many stockholders to try to hold them all accountable. (3) In a corporat

    		•
  • Q : Firms supply curve in short run

    Describe firm’s supply curve in short run, operating in perfect competition? Answer: It is a MC curve of the firm beginning from a point where MC = AVC (that is, minimum).

    		•
  • Q : Reason of existence of firms Can

    Can someone please help me in finding out the accurate answer from the following question. The primary reasons for the existence of firms would not comprise: (1) Collecting sales taxes for government. (2) Entrepreneurial drives for the potential gains. (3) Cutting tra

    		•
  • Q : Objectives of Microeconomic policy

    Widely accepted objectives for microeconomic policy comprise: (w) full employment. (x) general price stability. (y) economic development. (z) efficiency, freedom and equity. Hey friends please give your opinion for

    		•
  • Q : Firms demand for labor Assume that the

    Assume that the international auto industry has become monopolistically competitive and you run a small automaker. The events which would not directly influence your firm’s demand for labor comprise: (i) Sales of your company’s most admired car unexpectedl

    		•
  • Q : Demand when coefficient of price

    When the coefficient of price elasticity for eggs is 0.67, in that case the demand for eggs is: (w) relatively elastic. (x) relatively inelastic. (y) an upward sloping demand. (z) a horizontal demand. I need a good

    		•
  • Q : Law of Diminishing marginal utility

    Describe the Law of Diminishing marginal utility? Answer: Law of Diminishing marginal utility: As a consumer goes on consuming more and more units of a commodity th

    		•
  • Q : Perfectly inelastic supply of labor

    Glynn’s supply of labor is perfectly inelastic at: (1) point a. (2) point b. (3) point c. (4) point d. (5) point e. 2</span></p> </div> <!-- /comment-box --> </li> </td> </tr><tr> <td> <li> <div class=

    Q : Market power and excess capacity A

    A monopolist which does not price discriminate cannot concurrently maximize profit and: (w) charge a price equal to marginal cost. (x) minimize average cost. (y) charge a price equal to minimum average cost. (z) produce only zero econ

    		•