Answer to Question #341990 in Microeconomics for Unknown

Question #341990

If a firm has a total revenue of R80 000 per annum and economic cost of R110 000, it earns an economic profit of R30 000.



1. True


2. False

1
Expert's answer
2022-05-18T15:27:36-0400

1. True


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS