Economic profit is... A-inclouded in the firm’s total opportunity cost . B-equal to normal profit minus total opportunity cost C-equal to total revenue minus marginal cost D-equal to total revenue minus total opportunity cost

Economic profit is... A-inclouded in the firm’s total opportunity cost . B-equal to normal profit minus total opportunity cost C-equal to total revenue minus marginal cost D-equal to total revenue minus total opportunity cost

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 1SQ

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