Microeconomics ch 8&9

Created by ok_homey 

Upgrade to
remove ads

3 terms · Micro ch 8&9

economic profit

total revenue minus implicit and explicit cost

accounting profit

total revenue minus total explicit cost

Normal Profit rate

the minimum amount of accounting profit necessary to compensate owners and investors for the implicit opportunity cost of their time, financial capital, buildings, equipment, and other resources used in the buisness

Please allow access to your computer’s microphone to use Voice Recording.

Having trouble? Click here for help.

We can’t access your microphone!

Click the icon above to update your browser permissions above and try again

Example:

Reload the page to try again!

Reload

Press Cmd-0 to reset your zoom

Press Ctrl-0 to reset your zoom

It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.

Please upgrade Flash or install Chrome
to use Voice Recording.

For more help, see our troubleshooting page.

Your microphone is muted

For help fixing this issue, see this FAQ.

NEW! Voice Recording

Click the mic to start.

Create Set