If the owners of a business are receiving total revenues just sufficient to cover all of their explicit and implicit costs, then they are:
A)doing better than their next best alternative.
B)earning a normal profit.
C)earning an economic loss.
D)doing worse than their next best alternative.

Question

Quizplus · Accepted Answer

If owners of a business are receiving total revenues just sufficient to cover all their explicit and implicit costs, then they are earning zero economic profit, or a normal profit.

If the Owners of a Business Are Receiving Total Revenues