a-business-has-a-total-revenue-of-500000-explicit-costs-of-300000-and-implicit-c

Question

A business has a total revenue of $500,000, explicit costs of $300,000, and implicit costs of $100,000. What is the economic profit?

Accepted Answer

$100,000

Answer

$300,000

Answer

$200,000

Answer

$400,000

A business has a total revenue of \$500,000, explicit costs of \$300,000, and implicit costs of \$100,000. What is the economic profit?