Solved

If Total Revenue Covers Explicit Costs but Not Opportunity Costs,then

Question 27

Multiple Choice

If total revenue covers explicit costs but not opportunity costs,then


A) both economic profit and accounting profit are positive.
B) economic profit is positive,but accounting profit is negative.
C) accounting profit is positive,but economic profit is negative.
D) neither accounting profit nor economic profit is positive.
E) accounting profit is negative,but economic profit may be positive or negative.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions