Indicate whether the following statements are true or false, and then briefly explain your reasoning. a. It
Question:
a. It is possible for accounting and economic costs to be equal, but it is never possible for economic costs to be less than accounting costs.
b. It is possible for a firm to show an economic profit without showing an accounting profit.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
a True Economic costs include both accounting costs and the ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Microeconomics
ISBN: 9781464146978
1st Edition
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
Question Posted:
Students also viewed these Economics questions
-
Indicate whether the following statements are true, false, or uncertain. If false or uncertain, explain why. a. The price of a watch increases by 10%, and you spend a larger fraction of your income...
-
Indicate whether the following statements are true or false. If the statement is false, explain why. a. If a firm repurchases its stock in the open market, the shareholders who tender the stock are...
-
Indicate whether the following statements are true or false. If the statement is false, explain why. a. If a firm repurchases its stock in the open market, the shareholders who tender the stock are...
-
please solve it in details with clear explanation for each step John made a deposit of 4400 into a fund at the beginning of each year for 16 years. At the end of 16 years, he began making semiannual...
-
Why is a deferred revenue a liability? Provide two examples of deferred revenues. Why are adjusting entries generally required at the end of an accounting period for deferred revenues?
-
You are applying for two jobs, and you estimate the probability of getting an offer for the first job is 0.70 while the probability of getting an offer for the second job is 0.80. Assume the job...
-
In subharmonic oscillations, the natural frequency \(\left(\omega_{n} ight)\) and the forcing frequency \((\omega)\) are related as a. \(\omega_{n}=\omega\) b. \(\omega_{n}=n \omega ; n=2,3,4,...
-
(Multiple-step Statement with Retained Earnings) Presented below is information related to Ivan Calderon Corp. for the year 2004. Net sales $1,300,000 Write-off of inventory due to obsolescence $...
-
Stock X had a return of 7.00% last year. Stocks Y and Z earned -3.00% and 11.10% respectively. The following table shows 3 portfolios: A, B, and C. What is the portfolio return under the following...
-
Consider the boundary-value problem y'' + y = 0, y(0) = y(2), y'(0) = y'(2) Show that except for the case = 0, there are two independent eigenfunctions corresponding to each eigenvalue.
-
In the short run, your firm can vary only the amount of labor it employs. Labor can be hired for $5 per unit, and your firm's fixed costs are $25. Your firm's short-run production function is given...
-
Kyle recently opened a bar & grill. The costs associated with his new business are as follows: a. $300,000 to build the restaurant b. $30,000 for a liquor license c. $50,000 on furniture and...
-
Why must a corporation match its income tax expense against the major components of its pretax income?
-
Solve 3 x + y = 3 andx + 2 y = 1 . Graph the solution.
-
Samuel purchases a half - dozen cupcakes for $ 4 . 2 5 . Which expression could be used to determine the price for 3 4 cupcakes?
-
Simplify: (36-4).5 The solution is I
-
Let ???? ( ???? ) = 4 ( ???? - 7 ) 2 ( ???? + 1 1 ) 6 ( 2 ???? - 1 0 ) 2 . Which monomial does ???? ( ???? ) behave most like when ???? gets very large?
-
Given y = -log x, what is x when y = 5?
-
The large-loss principle says that one is better off paying a higher initial portion of any loss and expanding the coverage for the largest and most catastrophic losses. In health care planning, this...
-
CdF2 (s) Cd+ (aq) + 2 F- (aq) 1. A saturated solution of CdF2 is prepared. The equilibrium in the solution is represented above. In the solution [Cd+] eq = 0.0585 M and [F-] eq = 0.117 M. a....
-
1. Consider the example of Xenas copy shop. Adding a second worker increased output by 300 pages. If she added a third worker, her output would increase by fewer than ________ pages. 2. If a firm is...
-
1. Consider the example of Xenas copy shop. Adding a second worker increased output by 300 pages. If she added a third worker, her output would increase by fewer than ________ pages. 2. If a firm is...
-
1. Consider the example of Xenas copy shop. Adding a second worker increased output by 300 pages. If she added a third worker, her output would increase by fewer than ________ pages. 2. If a firm is...
-
Design a power transmission system to connect a DC motor to its load. The motor is given in the motor catalogue as a BM1400 motor. You must create a transmission which will connect to this motor and...
-
SDJ, Incorporated, has net working capital of $3,320, current liabilities of $4,550, and inventory of $4,600. a. What is the current ratio? b. What is the quick ratio?
-
Calculate the final selling price to the nearest cent and markdown percent to the nearest hundredth percent: Original selling price $4,900 First markdown 20% Second markdown 10% Markup 12% Final...
Study smarter with the SolutionInn App