Consider Figure 21-2. Explain why the figure indicates that if the normal rate of return on investment

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Consider Figure 21-2. Explain why the figure indicates that if the normal rate of return on investment were to remain unchanged while accounting profit increased, economic profit also would increase?

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Economics Today The Macro View

ISBN: 9780134478760

19th Edition

Authors: Roger LeRoy Miller

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Question Posted: Jun 23, 2017 08:38 AM

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Consider Figure 21-2. Explain why the figure indicates that if the normal rate of return on investment

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The greenshaded amount of accounting profit equals the sum of the yellowshaded ...View the full answer

Economics Today The Macro View

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