3. Afirm is getting normal profit when &a. revenue just pays all opportunity costs. &b. it has...

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3. Afirm is getting normal profit when

&a. revenue just pays all opportunity costs.

&b. it has a zero economic profit.

&c. revenue just pays the cost of all resources except capital.

&d.all of the above are true.

&e. only a and b are true.

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Fundamentals Of Economics

ISBN: 9781133956105,9781285531847

6th Edition

Authors: William Boyes, Michael Melvin

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Question Posted: Nov 12, 2024 09:00 AM

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3. Afirm is getting normal profit when &a. revenue just pays all opportunity costs. &b. it has...

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Fundamentals Of Economics

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