Krugman's Economics For The Ap® Course
3rd Edition
ISBN: 9781319113278
Author: David Anderson, Margaret Ray
Publisher: Worth Publishers
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Question
Chapter 52, Problem 7MCQ
To determine
Earning an economic profit of zero
Expert Solution & Answer
Explanation of Solution
Earning an economic profit is acceptable because the firm can make no better alternative use of its resources because zero accounting profit is a situation where a company is in loss.
Therefore, the correct option is a.
Economics Concept Introduction
Introduction:
Economic profit refers to the difference between the revenue which is received from the sale and the costs of inputs including
Chapter 52 Solutions
Krugman's Economics For The Ap® Course
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