|
Title: Economic profit is the difference between a firm's revenue and its opportunity costs. Post by: dupoyjohn134 on Feb 25, 2019 Question 1. Donnie's Donuts incurs $450,000 per year in explicit costs and $200,000 in implicit costs. The bakery earns $800,000 in revenues and has $2 million in net worth. Based on this information, what is the accounting profit for Donnie's Donuts?• $150,000 • $350,000 • $600,000 • $1.2 million Question 2. Economic profit is the difference between a firm's revenue and its opportunity costs.• true • false Title: Economic profit is the difference between a firm's revenue and its opportunity costs. Post by: urbacore on Feb 25, 2019 Content hidden
|