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Clement Clement
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5 years ago
The economy's current rate of interest is 10 percent and a firm has $10,000 of owner-invested capital. Its total revenue is $5,000 and the firm's explicit costs are $3,000. From this we know that this firm's

• accounting profit is $500.

• economic profit is $1,000.

• economic profit is $2,000.

• accounting profit is $12,000.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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christinaalexchristinaalex
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5 years ago
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Clement Author
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5 years ago
Thanks
larrybrads
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
branbran2k16
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2 hours ago
Brilliant ツ
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