Scenario 9.2 Consider a Publicly Held Firm (One Whose Stock Shares Are

Multiple Choice

Scenario 9.2
Consider a publicly held firm (one whose stock shares are traded on the stock exchange) that earned revenue worth $350 million and incurred land, labor, and debt costs worth $320 million. The stockholders who have invested a total of $100 million in this firm could have earned 10 percent return on other comparable investments.
-A firm's accounting profit is called a normal profit when its:

A) accounting profit is equal to zero.
B) economic profit is equal to zero.
C) opportunity cost is equal to zero.
D) average cost is minimum.
E) economic profit is equal to accounting profit.