Which of the following could explain why a firm would decrease production of a good despite making significant accounting profit? a. The marginal cost equals the marginal benefit.
b. The opportunity cost of an alternative foregone is greater.
c. The economic profit is less than the accounting profit.
d. The fixed costs are unacceptably high.

It is estimated that over 100,000 students will apply to the top 30 m. b.a. programs in the united states this year. a. using the concept of net present value and opportunity cost, when is it rational for an individual to pursue an m. b.a. degree. b. what would you expect to happen to the number of applicants if the starting salaries of managers with m. b.a. degrees remained constant but salaries of managers without such degrees decreased by 20 percent