--%>

Formula to Economic profit

Can someone please help me in finding out the most accurate answer from the following question. The Economic profit equivalents: (1) Accounting profit minus the implicit costs. (2) Normal profit. (3) Net revenue minus the implicit costs. (4) Net revenue minus the explicit costs.

   Related Questions in Microeconomics

  • Q : Illustration of least price elastic in

    The least price elastic within supply of the given items would be: (w) Ferrari racing cars. (x) tool kits imported by China. (y) wheat. (z) original Picasso drawings. I need a good answer on the topic of Ec

  • Q : Income Distribution by Marginal

    As per the marginal productivity theory of income distribution, within a system of market capitalism, in that case income is distributed primarily in accord along with: (1) resource productivity and ownership. (2) how

  • Q : Shrinking of Production possibilities

    The Production possibilities frontiers are most probable to shrink when: (1) National income becomes less fairly distributed. (2) High-tech agriculture reduces jobs for migrant farm workers. (3) A 3-hour nuclear war blasts technology back to Stone Age

  • Q : Economic profits to entrepreneurs

    Economic profits are NOT recompenses to entrepreneurs who: (1) endure business uncertainty. (2) provide society along with economic capital. (3) innovate new goods and technologies. (4) exercise monopoly power or monopsony power. (5)

  • Q : Subjective preferences of Marginal

    I have a problem in economics on Subjective preferences of Marginal Utility. Please help me in the following question. The Marginal utilities: (1) Reflect the subjective preferences. (2) Are realistically evaluated by wealth. (iii) Are set by the demo

  • Q : Price discriminate maximizes joint

    When a successful cartel which cannot price discriminate maximizes the joint profits of its members: (1) the marginal social benefits of additional output exceed the marginal social costs of output. (2) this is impossible for any consumer to gain with

  • Q : Monopolies in the short run Monopolies

    Monopolies tend to shut down in the short run when: (1) price is less than the minimum of average total costs [ATC]. (2) price cannot cover all overhead costs. (3) potential revenue cannot cover total variable costs. (4) total costs exceed total reven

  • Q : Question on central planning "Under

    "Under central planning, some group ought to decide how to obtain the necessary inputs produced in the right amounts and delivered to the right places at the right time. It is a nearly impossible task without markets and profits." This quotation best identifies the:

  • Q : Problem on national income Can someone

    Can someone help me in finding out the accurate answer from the given options. In short run, the demand for a normal good increases when: (i) Income become less uniformly distributed. (ii) The prices of complementary goods increase. (iii) National income mounts. (iv)

  • Q : Present value of winnings by free

    You win the Idaho state lottery as well as are entitled to two tax-free payments of $500,000 every. You get the first payment today and the next payment in precisely one year. Suppose the interest rate is a generally high 25 percent.