1.4 A firm earning zero economic profits is probably suffering losses from the standpoint of general accounting principles. Do you agree or disagree with this argument? Explain why.

Kindly assist on question 1 and 2 1The difference between zero accounting profit and  zero economic profit is that. a) an economic profit of zero indicates a fair return because it includes the opportunity cost of a firms capital. b) an economic profit zero indicates unacceptable rate of return because it does not include the opportunity cost of a firms capital. c) an economic profit of zero indicates more than a fair return because it includes opportunity cost and explicit cost. d) an accounting profit of zero indicates a fair rate of return because it includes the opportunity cost of a firms capital. 2.If a corporation is sued and losses the lawsuit, it's liability to pay. a) is imposed on all stockholders, personally b) is imposed only on the corporate CEO and the board of directors. C) its limited to the assets held in the corporations name. d) is imposed on the bondholders of the corporation

4. Last year Wei Guan Inc. had $350 million of sales, and it had $270 million of fixed assets that were used at 63% of capacity. In millions, by how much could Wei Guan's sales increase before it is required to increase its fixed assets? Please TYPE

___________ will occur in a perfectly competitive market in the long run when a firm is not making an accounting profit.

Q3 need in 10 minutes

3514e77ebfcb001ff309cb?start=true Chapter 7 - Production, Cost and Industry Structure OPEN Practice similar What is the Smith Co's Total Revenue? $ Submit answer Suppose that the firm Smith Co sells 10 gowns for $115.00 per gown. Each gown costs $74.00 to produce, and Smith Co could rent out their factory space for $330.00 per month. Answers (in progress) O E Answer hp I # $ 9 4 Score -/1 2 ☆ 68°F 6 I am finished 11:12 PM 9/28/2022 LINE 4461