Top Posters
Since Sunday
38
o
10
j
9
m
9
C
8
s
8
a
8
f
8
y
8
n
8
d
8
M
7
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
teyodani teyodani
wrote...
Go to Answer
Posts: 120
Rep: 0 0
2 months ago

Which of the following statements is true?



▸

Explicit costs always equal implicit costs.



▸

Zero economic profit is a smaller dollar figure than normal profit.



▸

Zero economic profit is a larger dollar figure than normal profit.



▸

Saying that a firm earned zero economic profit is the same as saying it earned normal profit.



▸

none of the above

Textbook 
Economics

Economics


Edition: 12th
Author:
Read 36 times
1 Reply
Replies
Answer verified by a subject expert
dcmc92dcmc92
wrote...
#1
Posts: 107
Rep: 0 0
2 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here

Saying that a firm earned zero economic profit is the same as saying it earned normal profit.
1

Related Topics

teyodani Author
wrote...

2 months ago
Just got PERFECT on my quiz
cartoon
wrote...

Yesterday
Good timing, thanks!
Gamiung3657
wrote...

2 hours ago
This site is awesome
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  319 People Browsing
 226 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 343
  
 341
  
 834
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 38
Previous poll results: Which of the following is the best resource to supplement your studies: