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Tags

#2015 #book-2 #cfa #cfa-level-1 #economics #schweser

Question

economic profit = (accounting profit - [...] profit)

Answer

normal profit

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

Open it
economic profit = (accounting profit - normal profit)

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Tags

#2015 #book-2 #cfa #cfa-level-1 #economics #schweser

Question

With the assumption of a single price for all units a firm sells, [...] revenue and price of a single unit must be equal.

Answer

average revenue

status	not learned	measured difficulty	37% [default]	last interval [days]
repetition number in this series	0	memorised on		scheduled repetition
scheduled repetition interval		last repetition or drill

Open it
With the assumption of a single price for all units a firm sells, average revenue and price must be equal.

cannot see any pdfs