Suppose a Professor Gives Up Her Teaching Job to Devote

question 137

Multiple Choice

Suppose a professor gives up her teaching job to devote her time to writing textbooks. If salaries of professors rise,

• A) her accounting profit will rise.
• B) her accounting profit will fall.
• C) her explicit costs will rise.
• D) her economic profit from textbooks will fall.
• E) her economic profit from textbooks will rise.