It's possible that Al's Auto Supply may not realize an economic profit, even though its total revenues exceed its costs on hired labor and auto parts.

Question

Quizplus · Accepted Answer

Al's Auto Supply may not realize an economic profit if the total revenues do not cover all costs, including implicit costs like the opportunity cost of the owner's time and resources, in addition to the explicit costs of hired labor and auto parts.

It's Possible That Al's Auto Supply May Not Realize an Economic