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Other Fields Homework Help Economics Topic started by: stars_and_moon on Jul 20, 2016



Title: Which of the following statements about profit is incorrect?
Post by: stars_and_moon on Jul 20, 2016
Which of the following statements about profit is incorrect?
A) economic profit = Accounting profit - normal profit
B) economic profit = Accounting profit - implicit opportunity costs
C) accounting profit = total revenue - explicit costs
D) normal profit = total revenue - implicit opportunity costs


Title: Re: Which of the following statements about profit is incorrect?
Post by: kingby on Aug 8, 2016
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Title: Re: Which of the following statements about profit is incorrect?
Post by: stars_and_moon on Aug 17, 2016
I compared your answer with a buddy, and it matches

Thanks


Title: Re: Which of the following statements about profit is incorrect?
Post by: kingby on Aug 18, 2016
I instantly knew the answer when I read the question, happy to help