Suppose that for a particular business there are no implicit costs. Then Group of answer choices accounting profit will be greater than economic profit. accounting profit will be the same as economic profit. accounting profit will be less than economic profit. the relationship between accounting profit and economic profit cannot be determined without more information.

Which term describes an alternative to car buying where monthly payments are paid for a specific period of time, after which the vehicle is returned to the dealership or bought? a. car financing b. car maintenance c. car leasing d. car ownership

Miller mfg. is analyzing a proposed project. the company expects to sell 14,300 units, plus or minus 3 percent. the expected variable cost per unit is $15 and the expected fixed cost is $35,000. the fixed and variable cost estimates are considered accurate within a plus or minus 3 percent range. the depreciation expense is $32,000. the tax rate is 34 percent. the sale price is estimated at $19 a unit, give or take 3 percent. what is the net income under the worst case scenario?

Why does the downward-sloping production possibilities curve imply that factors of production are scarce?