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Title: Suppose a firm's total revenue is $1,000,000. The firm has incurred explicit costs of $750,000. Ther Post by: Loraine on Jun 21, 2015 Suppose a firm's total revenue is $1,000,000. The firm has incurred explicit costs of $750,000. There is also $50,000 of forgone wages by the owner, $10,000 of forgone interest by the owner, $3,000 worth of economic depreciation, and $20,000 worth of normal profit. What is the firm's economic profit?
A) $250,000 B) $200,000 C) $190,000 D) $167,000 E) $180,000 Title: Re: Suppose a firm's total revenue is $1,000,000. The firm has incurred explicit costs of $750,000. Post by: Chimelo46 on Jul 30, 2015 Content hidden
Title: Re: Suppose a firm's total revenue is $1,000,000. The firm has incurred explicit costs of $750,000. Ther Post by: Chimelo46 on Aug 31, 2015 The textbook reference in your signature really helped me narrow it down.
Happy to help ;) |