menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics Study Set 8
  4. Exam
    Exam 6: Efficiency and Exchange
  5. Question
    If the Owners of a Business Are Receiving Total Revenue
Solved

If the Owners of a Business Are Receiving Total Revenue

Question 2

Question 2

Multiple Choice

If the owners of a business are receiving total revenue sufficient to cover all their explicit and implicit costs,they are


A) earning positive economic profit.
B) earning a normal profit.
C) earning economic losses.
D) doing better than their next-best alternative.
E) doing worse than their next-best alternative.

Correct Answer:

verifed

Verified

Related Questions

Q1: Sidney Crosby's economic rent from playing hockey

Q3: Generally,_ motivate firms to enter an industry,while

Q4: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3714/.jpg" alt=" -Refer to the

Q5: A firm earning a normal profit<br>A) should

Q6: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3714/.jpg" alt=" -Refer to the

Q7: Right Panel: The market: a shift of

Q8: Right Panel: The market: a shift of

Q9: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3714/.jpg" alt=" -Refer to the

Q10: Right Panel: The market: a shift of

Q11: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3714/.jpg" alt=" -Use the data

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines