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The Table Below Provides the Annual Revenues and Costs for a Family-Owned

Question 52

Multiple Choice

The table below provides the annual revenues and costs for a family-owned firm producing catered meals.
The table below provides the annual revenues and costs for a family-owned firm producing catered meals.    TABLE 7-1 -Refer to Table 7-1.To an accountant,this family-owned catering company is earning ________.To an economist,the same firm is earning ________. A) zero profit; economic losses B) zero profit; normal profits C) positive profits; economic losses D) economic profits; economic profits E) economic profits; economic losses TABLE 7-1
-Refer to Table 7-1.To an accountant,this family-owned catering company is earning ________.To an economist,the same firm is earning ________.


A) zero profit; economic losses
B) zero profit; normal profits
C) positive profits; economic losses
D) economic profits; economic profits
E) economic profits; economic losses

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