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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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8 years ago
Normal profit is a(n) ________ cost because ________.
A) implicit; it represents the cost of not running another firm
B) explicit; a firm must pay income taxes on its profit
C) implicit; it represents the cost of economic depreciation
D) accounting; wages are considered an explicit cost
E) depreciation; the equipment the firm owns wears out over time
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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Chimelo46Chimelo46
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8 years ago
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#2
8 years ago
Glad to help you, and good luck with your course.
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4 years ago
thank you!
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