If a firm has total revenue of $200 million, explicit costs of $190 million and implicit costs of $10 million, its economic profit is:

Name: If a firm has total revenue of $200 million, explicit costs of $190 million and implicit costs of $10 million, its economic profit is:
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Economic profit is the difference between total revenue and total explicit and implicit costs. Therefore, economic profit = $200 million - ($190 million + $10 million) = $0 million.

If a Firm Has Total Revenue of $200 Million, Explicit