a. Which of the following statements is true? multiple choice 1 Accounting profit equals sales revenue minus explicit costs. Accounting profit gives a true measure of the opportunity cost of the current business venture. Economic profit equals opportunity cost. Normal profit equals sales revenue minus implicit costs. b. A normal profit is considered a cost because multiple choice 2 it cannot be counted as revenue. this is the amount required to ensure continued supply of the product. it has to be paid to the IRS. it has elements of revenue and cost

In response to the gates malaria forum in october 2007, countries are debating the pros and cons of eradication. dr. arata kochi of the world health organization believes that with enough money malaria cases could be cut by 90 percent, but he believes that it would be very expensive to eliminate the remaining 10 percent of cases. he concluded that countries should not strive to eradicate malaria. source: the new york times, march 4, 2008 draw a marginal cost curve that is consistent with dr. kochis opinion as reported above. draw a marginal benefit curve that is consistent with dry. kochis opinion as reported above. draw a point to show the quantity of malaria eradicated that achieves allocative efficiency.

Sara is a manager at a restaurant with employees from different cultural backgrounds. which action of sara could employees perceive as an act of favoritism?

Two assets have the following expected returns and standard deviations when the risk-free rate is 5%: asset a e(ra) = 18.5% σa = 20% asset b e(rb) = 15% σb = 27% an investor with a risk aversion of a = 3 would find that on a risk-return basis. a. only asset a is acceptable b. only asset b is acceptable c. neither asset a nor asset b is acceptable d. both asset a and asset b are acceptable