2981EconomicsMedium
A firm that breaks even after all economic costs are paid is earning?
AAccounting profit
MCQs
Read every question, see the correct answer, and understand the explanation at your own pace. Study mode has no timer and no negative marking.
Correct answer
C. Normal profit
Explanation
The correct answer is Normal profit.
Correct answer
B. Unemployment is less than the natural rate of unemployment
Explanation
The correct answer is Unemployment is less than the natural rate of unemployment.
Correct answer
C. Wages are a small proportion of total costs
Explanation
The correct answer is Wages are a small proportion of total costs.
Correct answer
D. Demand is upward sloping
Explanation
The correct answer is Demand is upward sloping.
Correct answer
A. The firm is allocatively inefficient
Explanation
The correct answer is The firm is allocatively inefficient.
Correct answer
C. China
Explanation
The correct answer is China.
Correct answer
B. an inferior good
Explanation
The correct answer is an inferior good.
Correct answer
C. All of the above minerals
Explanation
The correct answer is All of the above minerals.
Correct answer
D. a body of doctrines beliefs and symbols
Explanation
The correct answer is a body of doctrines beliefs and symbols.
Correct answer
E. explicit costs.
Explanation
The correct answer is explicit costs..