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stars_and_moon stars_and_moon
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Posts: 3218
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7 years ago
The ABC Corporation, a small company with eight employees, has economic profits of $15,000.  Which of the following statements is accurate advice to give to the owner of the ABC Corporation?
A) She should stay open and not consider changing industries because $15,000 in profit means she is earning more than she would be able to earn in whatever her next best alternative is.
B) She should stay open in the short run but in the long run she should shut down and go into another industry because $15,000 isn't much profit for a company with eight employees.
C) She should shut down now and go into another industry because even though her economic profits are positive, her accounting profits are probably negative.
D) She should shut down now and go into another industry because $15,000 isn't much profit for a company with eight employees.
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kingbykingby
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7 years ago
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#2
7 years ago
Incredible!
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#3
7 years ago
Great! Now we can move on to the next one
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