Answer:
A. becomes positive once the value of the next best use of resources used in production is included
Explanation:
Economic profit is accounting profit less implicit cost or opportunity cost.
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
Accounting profit is total revenue less total cost.
If in the short run firms are earning economic profit, in the long run firms would enter into the industry and this would drive economic profit to zero. While economic profit is zero, accounting profit would be postive. So the firm would still be earning accounting profit.
I hope my answer helps you
There are many different types of advantages for different people. If you own your own small business then you can choose what hours you have to work, and what hours your employees have to work. The downside to that are numerous things, you are accountable for what your employees do and you have to figure out what to do about it. I don't know if this was what you were looking for but there's my answer.
A stock <span>symbol</span> is a short combination of letters used to identify the stock of a particular company.
Answer:
d: All of the answers are correct
Explanation:
