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A perfect competitor can reap an economic profit in the short term in the long term never in both the short and long term?
Robinhorton
Short term
Wiki User
∙ 11y ago
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Is economic profit a cost of production?
Economic profits are not costs of production since the entrepreneur does not require the gaining of an economic profit to keep the firm operating. In economics, costs are whatever is required to keep a firm operating.
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, .
What economic effect did dot coms have?
Some of them never produced a profit. They attracted many investors. They often promised more then they delivered.
What economic effect did dot-coms have?
They attracted many investors. . They often promised more than they delivered. Some of them never produced a profit.
Will economic profit exceed accounting profit?
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, economists will factor in opportunity cost as well. For example, if a person takes their life's savings and invests it in a new company, the interest that the money could be making will be an opportunity cost for the firm, as well as the salary they could be earning at a different firm. This all means that economists will calculate higher costs, which means that economic profit is lower than accounting profit.
Is the aluminum refinery profit business or not?
Always assume profit or you'll never get a profit
When was Never Picture Perfect created?
Never Picture Perfect was created in 1989.
Is there a perfect diet?
there will never be a perfect diet
How long does it take to get a profit?
Depends on where you are looking to make a profit. In some cases a profit happens in seconds, while in others a profit never happens.
What is the present perfect tense of never eat?
The present perfect continuous tense of eat is:I/You/We/They have been eating.He/She/It has been eating.
What is the moral of Harrison bergeron?
Everyone will never be the same a perfect world will never be perfect if everyone is the same
What is the past perfect tense of never sail?
The past perfect tense of never sail is had never sailed (never is an adverb and does not change from one tense to another).
