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Author Question: A firm has explicit costs of $110,000 and total revenue of $120,000. Which of the following is true ... (Read 58 times)

KWilfred

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on: May 24, 2019
A firm has explicit costs of $110,000 and total revenue of $120,000. Which of the following is true about the firm?
◦ The firm might be making an economic profit but we need more information about implicit costs to know for sure.
◦ The firm is definitely making an economic profit because it must be minimizing its opportunity cost.
◦ The firm is incurring an economic loss if implicit costs are $10,000.
◦ The firm is making a normal profit if implicit costs are $0.
◦ The firm may be making an economic profit but only if implicit costs are negative.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by KWilfred on May 24, 2019

jojobee318

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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KWilfred

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Reply 2 on: May 24, 2019
Great answer, keep it coming :)

parker125

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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