5. A firm earns a normal profit when its a. accounting profit equals 0. b. economic profit...
Question:
5. A firm earns a normal profit when its
a. accounting profit equals 0.
b. economic profit is positive.
c. total revenue equals its total costs.
d. accounting profit equals its economic profit.
e. economic profit equals its total explicit and implicit costs.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: