When a firm makes zero economic profit,it means that:
A) the firm is covering implicit costs alone.
B) the firm is covering the total opportunity costs of its resources.
C) the firm is covering explicit costs alone.
D) the firm is running at a loss.
Correct Answer:
Verified
Q34: Economic profits will take into account:
A) explicit
Q35: An implicit cost:
A) is an opportunity cost.
B)
Q36: In the long-run the firm gets to
Q37: Economists normally assume that the goal of
Q38: An economic profit of zero implies:
A) normal
Q40: An example of an explicit cost of
Q41: The short run is that period in
Q42: During the short-run period of the production
Q43: Don Cena promotes boxing matches.He makes $6,500
Q44: The short run is not the same
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