Economic profit is best defined as-09142
Economic profit is best defined as
This multiple choice question (MCQ) is related to the book/course vu eco402 Microeconomics. It can also be found in vu eco402 Final Term - Quiz No.6.
Economic profit is best defined as
a company's net income as indicated by its accounting statement.
the difference between the price of a product and the monetary cost of the raw materials used to produce it.
the difference between the revenue from the sale of a product and the opportunity cost of the resources used to produce it.
income paid by a business to its owners.