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A firm is making an economic loss of $100,000. This means that: multiple choice 1 the firm should immediately exit the industry. the firm's revenues are less than its opportunity costs. the firm is not making an accounting profit. the firm could increase economic profit if its resources were used in a different way. If a firm is making an economic profit of zero: multiple choice 2 it will have unhappy stockholders. it is not making an accounting profit. the firm should change to a different line of business. it cannot make a higher economic profit by changing how it is using its resources.

Respuesta :

DALAU

Answer:

Explanation:

A firm is making an economic loss of $100000

- the firm could increase economic profit if its resources were used in a different way

Economic loss implies that the firm could better profit in next best alternative

A firm is making an economic loss of $100,000. This means that:

Choice 1 -

The firm could increase economic profit if its resources were used in a different way.

If a firm is making an economic profit of zero:

Choice 2 -

It cannot make a higher economic profit by changing how it is using its resources.

What Is Economic Profit (or Loss)?

  • An economic profit or loss is the difference between the revenue received from the sale of an output and the costs of all inputs used, as well as any opportunity costs.
  • In calculating economic profit, opportunity costs and explicit costs are deducted from revenues earned.
  • Opportunity costs are a type of implicit cost determined by management and will vary based on different scenarios and perspectives.
  • The calculation for economic profit --
  • Economic profit = revenues - explicit costs - opportunity costs

Learn more about Economic Profit (or Loss) on:

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