Determine the economic profit, Microeconomics

Johnson Farms owns valuable farm land that allows it to produce wheat at a lower cost than its competitors. The company reports large profits each year on its accounting statements. Is this profit an "economic profit?" Explain.

Posted Date: 3/8/2013 1:36:53 AM | Location : United States

Related Discussions:- Determine the economic profit, Assignment Help, Ask Question on Determine the economic profit, Get Answer, Expert's Help, Determine the economic profit Discussions

Write discussion on Determine the economic profit
Your posts are moderated
Related Questions
Explain about the money metric utility functions. The Money Metric Utility Functions: It is a nice construction including the expenditure function which comes up into a vari

(i) Define the three types of price discrimination, clearly stating the different information requires of each type of discrimination. (ii) Find a real-world example of second-degr

any village panchayat in west bengal and get information for doing a project.

using necessary and sufficient condition explain consumer surplus diagrammically and mathematically?

What is the difference between wages and salaries

elasticity concept in policy formulation