Monopolistically competitive and perfectly competitive firms are different because the former Answer

Monopolistically competitive and perfectly competitive firms are different because the former: A. can have positive economic profits in the short run, whereas the latter cannot. B. can have negative economic profits in the short run, whereas the latter cannot. C. has economic profits of zero in the long run, whereas the latter has positive or […]

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Forrester and Cohen is a small accounting firm, managed by Joseph Cohen since the retirement in December of his partner Brad Forrester Answer

Forrester and Cohen is a small accounting firm, managed by Joseph Cohen since the retirement in December of his partner Brad Forrester. Cohen and his 3 CPAs can together bill 640 hours per month. When Cohen or another accountant bills more than 160 hours per month, he or she gets an additional “overtime” pay of […]

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