When computing economic profit, we assume that capital gains a: A. zero rate of return B. average rate of return C. Risk-free rate of return D. Positive rate of return E. None of the answers above are correct
When computing economic profit, we assume that capital gains a: A. zero rate of return B. average rate of return C. Risk-free rate of return D. Positive rate of return E. None of the answers above are correct
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter3: Benefits, Costs, And Decisions
Section: Chapter Questions
Problem 10MC
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Question
When computing economic profit, we assume that
A. zero
B. average rate of return
C. Risk-free rate of return
D. Positive rate of return
E. None of the answers above are correct
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