A Return That Is Just Sufficient to Recover an Entrepreneur's

question 20

Multiple Choice

A return that is just sufficient to recover an entrepreneur's opportunity cost is known as

• A) opportunity profit
• B) extra-normal profit
• C) normal profit

Recognize the principles of marginal analysis in decision making.

Analyze the impact of scarcity on economic decisions.

Apply the ceteris paribus assumption to isolate variables in economic analysis.

Identify and analyze opportunity costs in various economic scenarios.

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Definitions:

Hydrogen Fuel Cell

A device that generates electricity by combining hydrogen and oxygen, with water and heat as its only byproducts.

Toyota Mirai

A hydrogen fuel cell vehicle produced by Toyota, known for its eco-friendliness and innovation in alternative fuel technology.

All-Electric Car

A vehicle that is propelled by one or more electric motors, using energy stored in rechargeable batteries, contributing to reduced carbon emissions.

Greenwashing

A deceptive practice where a company or organization attempts to appear more environmentally friendly or responsible than they actually are.