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Sublight2097 Sublight2097
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8 years ago
A physician who laid off her nurse and receptionist and performed their tasks herself would probably
A) decrease her accounting profit but increase her economic profit.
B) decrease her profit from the economist's point of view even if she increased her accounting profit.
C) increase both her accounting and economic profit if her practice was a busy one.
D) wind up with lower labor costs unless the layoff greatly increased the demand for her professional services.
E) work more efficiently in order to get everything done.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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SmooothSmoooth
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8 years ago
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Sublight2097 Author
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#2
8 years ago
Another one in the books, marking it solved.
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#3
8 years ago
You're welcome Happy Dummy
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