A firm's implicit costs are $10,000, explicit costs are $5,000, and its total revenue is $10,000. This firm is earning (
Posted: Sat Mar 19, 2022 5:48 pm
A firm's implicit costs are $10,000, explicit costs are $5,000,
and its total revenue is $10,000. This firm is earning (2
points)
normal accounting profit
positive accounting profit of $5,000
positive economic profit of $5,000
normal economic profit
negative accounting profit of $5,000
and its total revenue is $10,000. This firm is earning (2
points)
normal accounting profit
positive accounting profit of $5,000
positive economic profit of $5,000
normal economic profit
negative accounting profit of $5,000