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?
-
Match each of the key terms with the definition that best fits it. ___________ A graphical representation of the entities, associations, and data for an organization or business area; it is a model...
-
You are designing a Van de Graaff generator, and you want it to hold as many electrons as possible. Should you make the radius of the sphere very large or very small?
-
A scrambled list of accounts from the income statement and balance sheet of Belmond, Inc. is as follows: Inventory ................$ 6,500 Common stock .............. 45,000 Cash .....................
-
Microsoft Corporation makes Xbox video game consoles. For Microsoft's financial year YYYY, please make use of the following provided information regarding the inventory of those Xbox consoles:...
-
Volvo (www.volvo.com) and Pilkington (www.pilkington.com) are major multinational firms with operations that span the globe. Investigate these firms by visiting their Web sites, as well as...
-
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...
-
Two bulbs are connected by a tube, 0.002 m in diameter and 0.20 m in length. Initially bulb 1 contains argon, and bulb 2 contains xenon. The pressure and temperature are maintained at 1 atm and...
-
Discuss the major difference between linear and non-linear break-even analysis.
-
Files and the rest of the program is shared in this google drive link ( https://drive.google.com/file/d/1rn7RjpKcvcow6SHQrMMclJ0FIMSQj3Wo/view?usp=sharing ) This assignment deals with a program that...
-
Using the following circuit, what should be the value of B (B3B2B1Bo) where Co=0 to compute A-5? B3 A3 B A B A1 Bo Ao FA C3 C FA FA 0 C Co FA C4 $3 $2 S So B =
-
How would you describe an investor who has only invested in equities, with five of their top ten holdings in blue chip companies and they are tech focused.
-
solve this error? I'll attach the instructions, my code, and the error images here. The language is Java. Instructions: Exception in thread "main" java.lang.NullPointerException: Cannot invoke...
-
Multiply the numerator and the denominator of each fraction by the given factor and obtain an equivalent fraction. 2/3 (by 7)
-
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...
-
My company has equity beta of 0.56, 5.02% cost of (risk-free) debt, and market risk premium is 5% over the risk-free rate. D/(D+E) ratio is -31.7% and E/(D+E) ratio is 131.7%. Corporate tax rate is...
-
Discuss the main factors which a company should consider when determining the appropriate mix of long-term and short-term sources of finance in its capital structure.
-
Evaluate the impact of central bank interest rate policies, such as the federal funds rate in the United States or the repo rate in India, on various sectors of the economy, including consumption,...
Study smarter with the SolutionInn App