Which of the following are ways in which an entrepreneur earns a profit? Check all that apply. a. By exploiting arbitrage opportunities b. By paying wages, interest, and rent to other factors of production c. By making entrepreneurial judgments in the face of uncertainty

Which of the following are ways in which an entrepreneur earns a profit? Check all that apply. a. By exploiting arbitrage opportunities b. By paying wages, interest, and rent to other factors of production c. By making entrepreneurial judgments in the face of uncertainty

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Which of the following are ways in which an entrepreneur earns a profit? Check all that apply.

a. By exploiting arbitrage opportunities

b. By paying wages, interest, and rent to other factors of production

c. By making entrepreneurial judgments in the face of uncertainty

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