Economic profits are found by total revenues minus
A) explicit costs.
B) explicit and implicit costs.
C) implicit costs.
D) all opportunity costs.
B
Economics
You might also like to view...
One factor that might lead to reduced trade or incomplete specialization is
a. absolute advantage b. comparative advantage c. government-enacted barriers to trade d. constant opportunity cost e. decreasing opportunity cost
Economics
Which of the following will cause an increase in economic growth?
A. a reduction in labor force participation B. a reduction in the stock of physical capital C. a reduction in the unemployment rate D. an increase in human capital
Economics