A cashew (a type of nut) farmer, named Ted, generated a large economic profit this year from a great season of increased demand for his nuts. Why is it doubtful that Ted will ever realize these same significant long run economic profits in the future fc his nut farm?

A cashew (a type of nut) farmer, named Ted, generated a large economic profit this year from a great season of increased demand for his nuts. Why is it doubtful that Ted will ever realize these same significant long run economic profits in the future fc his nut farm?

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter11: The Firm: Production And Costs

Section: Chapter Questions

Problem 2P

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A cashew (a type of nut) farmer, named Ted, generated a large economic profit this
year from a great season of increased demand for his nuts. Why is it doubtful that
Ted will ever realize these same significant long run economic profits in the future fo
his nut farm?

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