Evaluate the given statements

Assignment Help Macroeconomics

Reference no: EM131443090

Question: Evaluate the following statements. Determine whether each is true or false and explain your answer.

a. If economic profits are zero, firms will exit the industry in the long run.

b. A firm cannot maximize profits without minimizing costs.

c. If a firm is minimizing costs, it must be maximizing profits.

Reference no: EM131443090

Questions Cloud

Analyzing the marketing environment : Outline how whole foods addressed the immediate environment specifically covering how the company, competition and corporate partners affect their marketing strategy.

What are lessons can be learned from smsis experience : What are lessons can be learned from SMSI's experience?

Forming marketing strategy : What are ways in which targets are found out while forming marketing strategy?

Develop a method of data collection : How might you gain access to the site? Would you conduct an unobtrusive, reactive or participant observation? Develop a method of data collection (e.g. taking notes during or after, photographs)

Evaluate the given statements : Evaluate the following statements. Determine whether each is true or false and explain your answer. a. If economic profits are zero, firms will exit the industry in the long run.

Lifetime value of a customer : Think about, and do some quick research on, the 'Lifetime value of a customer'. Other yet words are loyalty management and customer loyalty.

What is j corporation net income for the year ending october : ACCT 504- The following is selected information from J Corporation for the fiscal year ending October 31, 2010. Based on accrual basis of accounting, what is J Corporation's net income for the year ending October 31, 2007?

Explain the concept of medicalization : Explain the concept of medicalization. Discuss the opposing views of the role that medicine plays in medicalization

Discuss the brands value proposition : Identify the branded product and discuss the brands value proposition. Describe the brand's current marketing mix (product, place, price and promotion)

User Account

All Pages