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Home Q & A Board Other Fields Homework Help Business Economics
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alexweebz alexweebz
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5 years ago
Suppose a competitive firm's total revenue is $1,000,000 where MR = MC, its explicit variable costs are $900,000, its fixed costs are $90,000 of which $60,000 are sunk in the short run. If its implicit opportunity costs are $50,000, the firm should
A) produce because its economic profit is positive.
B) produce because its economic profit is zero.
C) produce even though its economic profit is negative.
D) shut down.
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Microeconomics

Microeconomics


Edition: 8th
Author:
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andrea s.andrea s.
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5 years ago
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alexweebz Author
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5 years ago
Thank you, thank you, thank you!
Mcb
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Yesterday
this is exactly what I needed
Alina01978
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2 hours ago
Brilliant ツ
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