Which of the following is the best explanation for why individuals own small businesses?
A) Because they cannot earn a living working for corporate America.
B) To provide a product consumers want.
C) The expectation of profit.
Correct Answer:
Verified
Q8: Adam Weed is the owner/operator of a
Q9: Normal profit
A)Covers the full opportunity cost of
Q10: Q11: Implicit costs Q12: Q14: Profit Q15: Economic profit is Q16: Assuming the entrepreneur does not pay herself,the Q17: Q18: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)Include only payments to workers and
A)Is the difference between total revenue and
A)Greater than accounting profit by