A firm has $200 million in total revenue and explicit costs of $190 million. If its owners have invested $100 million in the company at an opportunity cost of 10 percent interest per year, the firm's accounting profit is:
A) $400 million.
B) $100 million.
C) $80 million.
D) $10 million.
E) zero.
Correct Answer:
Verified
Q27: The long run is a planning period:
A)
Q32: Normal profit is a term for:
A) explicit
Q32: The short run is a period of
Q34: If a firm has total revenue of
Q35: Which of the following is an example
Q36: Suppose that a small business takes in
Q38: An economist left her $100,000-a-year teaching position
Q39: Normal profit is defined as a(n):
A) foregone
Q181: The sum of the explicit and implicit
Q189: The difference between a firm's total revenues
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