Marta's company definitely has economic profits in which of the following situations?
A)Implicit opportunity costs are less than direct financial costs.
B)Total revenue is less than direct financial costs.
C)Total costs are less than total revenue.
D)Total revenue exceeds implicit opportunity costs.

Question

Quizplus · Accepted Answer

Economic profit occurs when total revenue exceeds total costs, including both explicit and implicit costs.

Marta's Company Definitely Has Economic Profits in Which of the Following