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.
E) the firm is also making a zero accounting profit.
Correct Answer:
Verified
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B)the
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A)whenever total revenues exceed
Q51: Which of the following observations is true?
A)
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A) is a time
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A) less than accounting profits
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A) is a period long
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