Zero economic profit includes a normal return

Reference no: EM13979099

Zero economic profit includes a normal return for business owner. However, how do we know that the business owner will be satisfied with zero economic profit? In other words, if a business owner is earning zero economic profit, is there another opportunity out there that might offer a positive economic profit?

Reference no: EM13979099

Questions Cloud

Justify your answer with appropriate calculations : Would this condition be satisfied if the number of waiting customers is a Poisson random variable with a mean of 5? Justify your answer with appropriate calculations.

Let income be y, and measured in dollars : Let income be Y, and measured in dollars. A doctor obtains utility of4Y1/2 from exerting low effort, and 2Y1/2 from exerting high effort. Her reservation utility is 120utils. Patients and the physician's employers can only observe health outcomes. If..

Do a what if analysis by changing the probability : What is the probability that at least 30 employees out of 80 would be financially secure if they lost their job for 6 months to a year?

What is the standard deviation of the random variable : What is the standard deviation of the random variable? What is the mean of the random variable?

Zero economic profit includes a normal return : Zero economic profit includes a normal return for business owner. However, how do we know that the business owner will be satisfied with zero economic profit? In other words, if a business owner is earning zero economic profit, is there another oppor..

An investor has two investments a and b : An investor has two investments A and B. The investor believes that investment A is equally likely to increase by $1,000 or to decrease by $1,000 by the end of the year.

Do not use pseudo-instructions : You are to complete the program by writing four functions. Pay particular attention to the purpose of each function, what registers to use and how the parameters and stack are to be used. If the instructions specify a particular register, then you ..

How did hasting big five model of personality leadership : How did Hasting Big Five model of personality leadership traits change from Pure Software to Netflix? Which leadership styles did Hasting use at Pure Software and Netflix? How effectively were these leadership styles used? Explain how power, organiza..

Given a choice between a command line interface : 1.Given a choice between a command line interface and a GUI, most people prefer the GUI. There are, however, people who prefer the command line interface. Why do you suppose anyone would prefer a command line interface?2. Briefly describe a hierarchi..

User Account

All Pages