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stars_and_moon stars_and_moon
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Posts: 3218
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7 years ago
John owns a landscaping business.  Over dinner he says to you, "If I can't pull in at least $30,000 in profit this year then I think I will shut down my business and go back to working at the local nursery.  Right now it looks like I will only bring in $20,000 profit."  Based on this, what can you conclude about John's normal profit, accounting profit and economic profit?  Is he right to shut down?
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kingbykingby
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7 years ago
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#2
7 years ago
I figured, great answer
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#3
7 years ago
I instantly knew the answer when I read the question, happy to help
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