Question
A firm's implicit costs are $10,000, explicit costs are $5,000, and its total revenue is $10,000. This firm is earning normal accounting profit positive accounting
A firm's implicit costs are $10,000, explicit costs are $5,000, and its total revenue is $10,000. This firm is earning
normal accounting profit
positive accounting profit of $5,000
positive economic profit of $5,000
normal economic profit
negative accounting profit of $5,000
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
