For monopolistically competitive businesses, the factor that ultimately causes zero economic profitability is: newly added
What Exactly Is Economic Gain (or Loss)?
The difference between the money made from selling an output and the price of all the inputs plus any opportunity costs is what is known as an economic profit or loss. By deducting potential costs and explicit costs from generated revenue, economic profit is calculated.
Opportunity costs are a kind of implicit cost that management determines and that vary depending on various events and viewpoints.
Analysis of accounting profit and economic profit frequently goes hand in hand. The profit that a corporation reports as accounting profit appears on its income statement. Accounting profit is a measure of actual inflows and outflows that is necessary for a company to have financial transparency.
To know more about economic profitability
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I think A. Because I think it is very important to meet new people and getting to know them.
Answer:
We would choose this new production technique.
Explanation:
In this question, we have to analyze and compare all production technique costs and choose which one is lower to maximize profit thus confirming or denying the affirmation. After calculating all the costs associated with this new technique, we find that this technique would be adopted because it would lower the total production costs to $28 and thus would increase the total economic profit.
