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Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767 Exercise 67
A firm with explicit costs of $2,000,000, no implicit costs, and total revenue of $3,000,000 would have ________
A) zero economic profit
B) zero accounting profit
C) an accounting profit and an economic profit of $1,000,000
D) a higher economic profit than an accounting profit
E) a higher accounting profit than economic profit
F igure 1
A) zero economic profit
B) zero accounting profit
C) an accounting profit and an economic profit of $1,000,000
D) a higher economic profit than an accounting profit
E) a higher accounting profit than economic profit
F igure 1
Explanation
Verified
Verified
Therefore option (a) is incorrect.
Accou...
Microeconomics 9th Edition by Stephen Slavin
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