2. Calculate accounting profit and economic profit for each of the following firms (amounts are in millions of dollars) Sales Wages and salaries cost of equity capital interest on debt cost of materials General Motors $50,091 29052 12100 7585 6500 Barclays Bank 5730 3932 750 275 556 Microsoft 2750 400 35 5 1650

2. Calculate accounting profit and economic profit for each of the following firms (amounts are in millions of dollars) Sales Wages and salaries cost of equity capital interest on debt cost of materials General Motors $50,091 29052 12100 7585 6500 Barclays Bank 5730 3932 750 275 556 Microsoft 2750 400 35 5 1650

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter9: Monopoly

Section: Chapter Questions

Problem 12RQ: How is intellectual property different from other property?

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