QUESTION 1 Camille is a co-owner of a small bakery with her grandmother. She is aware that their bakery is operating in a perfectly competit market. Recently, she received an offer to work as a full-time accountant at a large company who offered her a higher salary to she earns at the bakery. Which of the following statements is true? Camille should not accept the job as an accountant because she would be leaving her grandmother. O Camille should compare only her revenue and explicit costs as an accountant to decide whether she will accept the job or m O The value of Camille's work at the bakery is considered as her explicit cost if she decided to accept the job as an accountar If Camille experiences a negative economic profit at the bakery, then the accounting profit must be less than the implicit cos O Even if Camille experiences a positive economic profit at the bakery, she should definitely still leave and accept a higher-paying

QUESTION 1 Camille is a co-owner of a small bakery with her grandmother. She is aware that their bakery is operating in a perfectly competit market. Recently, she received an offer to work as a full-time accountant at a large company who offered her a higher salary to she earns at the bakery. Which of the following statements is true? Camille should not accept the job as an accountant because she would be leaving her grandmother. O Camille should compare only her revenue and explicit costs as an accountant to decide whether she will accept the job or m O The value of Camille's work at the bakery is considered as her explicit cost if she decided to accept the job as an accountar If Camille experiences a negative economic profit at the bakery, then the accounting profit must be less than the implicit cos O Even if Camille experiences a positive economic profit at the bakery, she should definitely still leave and accept a higher-paying

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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