Key determinants of economic profit include ________.
A)the revenue from selling goods and services
B)the cost incurred in buying capital
C)the cost of hiring labor
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

Economic profit is determined by subtracting all costs, including capital and labor, from the revenue earned by selling goods and services. Therefore, the correct answer is D, as all of the options listed contribute to the determination of economic profit.

Key Determinants of Economic Profit Include ________