The firm in the above figure has an economic profit of ________.

Question

Quizplus · Accepted Answer

Economic profit is calculated as total revenue minus total costs (including both explicit and implicit costs). Without specific figures from the figure mentioned, the correct answer cannot be determined. However, since no figure is provided, this response assumes a general understanding that if a firm is covering all its costs, including opportunity costs, its economic profit would be $0, indicating it's earning a normal profit.

The Firm in the Above Figure Has an Economic Profit