Multiple Choice
The economic profit on an investment is zero when:
A) the total revenue from the investment exceeds the costs of the investment.
B) the revenue from the investment just covers the fixed cost of the investment.
C) the accounting profit and economic profit are equal.
D) the investment earns a normal rate of return.
E) the sunk cost of the investment is zero.
Correct Answer:
Verified
Correct Answer:
Verified
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