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Home Q & A Board Other Fields Homework Help Business Economics
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Mandolina Mandolina
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6 years ago
When a firm is earning a normal profit, the firm's total revenue
A) is exactly equal to the sum of its explicit and implicit costs.
B) is exactly equal to its explicit costs.
C) is exactly equal to its implicit costs.
D) is equal to its explicit costs minus its implicit costs.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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foliogefolioge
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Mandolina Author
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#2
6 years ago
Wwow, couldn't thank you enough
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