Because _____ profit is calculated based on _____ costs, it allows firm owners to make better decisions about _____.
A)economic; total; entering and exiting a market
B)accounting; total; increasing or decreasing output
C)economic; implicit opportunity; increasing or decreasing output
D)accounting; implicit opportunity; entering and exiting a market

Question

Quizplus · Accepted Answer

Economic profit is calculated by considering both explicit and implicit costs, including opportunity costs, which helps firm owners make informed decisions about entering or exiting a market.

Because _____ Profit Is Calculated Based on _____ Costs, It

Because _ Profit Is Calculated Based on _ Costs, It