If a shoe store earns more than a normal profit,its _____
A)economic profit must be greater than its accounting profit.
B)economic profit is positive.
C)economic profit is, therefore, equal to its accounting profit.
D)accounting profit is zero.
E)accounting profit is less than its economic profit.

Question

Quizplus · Accepted Answer

Economic profit is the difference between total revenue and total opportunity cost, including explicit and implicit costs. If a shoe store is earning more than a normal profit, then its economic profit is positive.

If a Shoe Store Earns More Than a Normal Profit,its