Economic profit is the difference between total revenue and the
A) normal profit.
B) interest costs of production.
C) opportunity costs of production.
D) costs of resources bought in markets.
Correct Answer:
Verified
Q19: _ is the change in market value
Q20: Firms that survive in the long run
Q21: Sheila's Sports Shop is a very popular
Q22: Joe quits his job as an insurance
Q23: Sue owns a baking company. The company's
Q25: A normal profit for a self-employed entrepreneur
Q26: Ed is a freelance writer who could
Q27: Lucinda starts a business consulting company. She
Q28: The average return for supplying entrepreneurial ability
Q29: If economic profit is equal to zero,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents