a-firm-has-total-revenue-of-1000000-and-explicit-costs-of-750000-what-is-the-acc

Question

A firm has total revenue of $1,000,000 and explicit costs of $750,000. What is the accounting profit?

Accepted Answer

$250,000

Answer

$1,750,000

Answer

$1,000,000

Answer

$750,000

A firm has total revenue of \$1,000,000 and explicit costs of \$750,000. What is the accounting profit?