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Profits = revenues - expenses
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∙ 14y ago
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Economic profits in an industry suggest the industry?
economic profits in a industry suggest the industry
Accounting profits are typically?
greater then economic profits,as accounting profits do not include implicit costs
What is the economic function of profits and losses?
The economic function of profits and losses is to determine the performance of a company. This is what will contribute to the overall measure of the economy in a region.
What conditions exist when economic profits are maximized?
Peak performance.
Can a monopoly earn economic profits in the short run?
yes it is
Economic profits in an industry suggest the industry?
economic profits in a industry suggest the industry
Accounting profits are typically?
greater then economic profits,as accounting profits do not include implicit costs
What is a reasonable profit margin?
what is the difference between reasonable profits and economic profits
What is the economic function of profits and losses?
The economic function of profits and losses is to determine the performance of a company. This is what will contribute to the overall measure of the economy in a region.
Economic function of profits and losses?
Economic profit will never exceed accounting profit. The accountant will calculate total cost using only explicit costs (basically a transfer of money) that the firm makes. On the other hand, .
An economic system in which companies compete for profits is known as?
Capitalism :)
What conditions exist when economic profits are maximized?
Peak performance.
Can a monopoly earn economic profits in the long run?
Yes
Can a monopoly earn economic profits in the short run?
yes it is
An economic system in which companies compete for profits is known as what?
Capitalism
What economic prosperity required reinvestment of profits in capital expansion?
Marx
The word that means economic downturn accompanied by layoffs lagging sales and reduced corporate profits?
The economic downturn accompanied by layoffs, lagging sales and reduced corporate profits in one word means 'recession'. It is a financial crisis and is a part of the economic cycle.
