Economic profit is
A: both b and c
B: the difference between total revenue and the implicit costs of using owner-supplied resources.
C: the difference between accounting profit and the opportunity cost of the market-supplied resources used by the firm.
D: the difference between accounting profit and explicit costs.
E: the difference between total revenue and the opportunity cost of all of the resources used in production.
A: both b and c
B: the difference between total revenue and the implicit costs of using owner-supplied resources.
C: the difference between accounting profit and the opportunity cost of the market-supplied resources used by the firm.
D: the difference between accounting profit and explicit costs.
E: the difference between total revenue and the opportunity cost of all of the resources used in production.
举一反三
- Gross profit is the difference between:
- The difference between your sales and your cost of goods sold is known as your _____. A: net profit B: cost of doing business C: owner’s equity D: gross profit or gross margin
- Producer surplus is equal to: A: the difference between the highest market price consumers are willing to pay for a product and the minimum amount producers are willing to accept for that product. B: the difference between the market price consumers are willing to pay for a product and the actual price they pay. C: the price a producer receives for a product minus the marginal cost of production. D: the economic profit earned from the sale of a good, minus its marginal cost of production.
- Fixed Cost，Veriable Cost，Explicit Cost，Implicit Cost，Opportunity Cost，Sunk Cost，Economic Profit，Normal Profit，Average Cost，Margial Cost
- 经济利润和生产者剩余有什么不同？What is the difference between economic profit and producer surplus?