menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 9: Long-Run Costs and Output Decisions
  5. Question
    If a Firm's Economic Profit Is $0, Then It Must
Solved

If a Firm's Economic Profit Is $0, Then It Must

Question 65

Question 65

Multiple Choice

If a firm's economic profit is $0, then it must be true that


A) TR equals TC.
B) TR equals TVC.
C) TR equals TFC.
D) TFC is zero.

Correct Answer:

verifed

Verified

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

Related Questions

Q60: The _ supply curve(s) of a perfectly

Q61: Refer to Scenario 9.8 below to answer

Q62: Marginal revenue equals marginal cost at an

Q63: The short-run supply curve of a competitive

Q64: A firm _ in the short-run has

Q66: If a firm earns short-run losses, it

Q67: Related to the Economics in Practice on

Q68: If TR equals TC, the a firm<br>A)

Q69: Refer to the information provided in Figure

Q70: As the accounting industry expands, the demand

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