To earn a profit, firms must typically first raise funds to pay for operations. This often includes funds to pay for things like employees and machines. Which of the following is not a way small firms are able to raise funds? Small firms are usually unable to raise funds OA. using retained earnings. OB. through borrowing from relatives. OC. by offering stocks. O D. by recruiting additional owners. OE. through borrowing from banks.

Economic profits may result from:   O a. innovation   b.risk taking   Oc. exploiting market inefficiencies   Od. all the above   O e. a and b

Vicky quit her $ 75, 000 a year marketing executive job to open her own firm.  In Vicky's first year in business her total revenue equaled $ 180,000.  Vicky's explicit cost during the year totaled $ 80,000.  To start her business Vicky took $ 50,000 from her savings account that was paying an interest of 10% annually.  What is her economic profit for her first year in business?   A. -$26,000   B. -$ 25,000   C. $ 25,000   D. $ 24,000

Please answer all of part C And confirm over part A and B

Enter your answer as a whole number. If you are entering a negative number include a minus sign.   a. To maximize its profits, the firm should produce  units and charge a price of $  .   b. At the profit-maximizing level of output, average total cost per unit is $  .   c. At its profit-maximizing level, profits are $  .

QUESTION 4 The shape of a firm's long-run. O variable cost curve marginal revenue curve fixed cost curve O average cost curve depends on how costs vary with scale of operations.