Top Posters
Since Sunday
e
4
h
4
h
4
m
3
d
3
B
3
o
3
w
3
H
3
a
3
c
3
k
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Biraj Biraj
wrote...
Go to Answer
Posts: 481
Rep: 21 0
5 years ago

Question 1.

A nonmonetary opportunity cost is called a(n) ________, while a cost that involves spending money is called an ________.

• accounting cost; explicit cost

• implicit cost; explicit cost

• accounting profit; economic profit

• normal rate of return; asset

Question 2.

Donnie's Donuts incurs $450,000 per year in explicit costs and $200,000 in implicit costs. The bakery earns $800,000 in revenues and has $2 million in net worth. Based on this information, what is the economic profit for Donnie's Donuts?

• $150,000

• $350,000

• $600,000

• $1.2 million
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
Read 77 times
3 Replies
Replies
Answer verified by a subject expert
jrhome1985!jrhome1985!
wrote...
#1
Posts: 375
Rep: 57 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Biraj Author
wrote...
#2
5 years ago
This site is awesome!
wrote...
#3
5 years ago
Slight Smile Good luck on the rest
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1263 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 96
  
 484
  
 179
Your Opinion
Which is the best fuel for late night cramming?
Votes: 165
Previous poll results: What's your favorite coffee beverage?