Answer to Question #341990 in Microeconomics for Unknown

Question #341990

If a firm has a total revenue of R80 000 per annum and economic cost of R110 000, it earns an economic profit of R30 000.

1. True

2. False

Expert's answer

1. True

Learn more about our help with Assignments: Microeconomics

No comments. Be the first!

Who Can Help Me with My Assignment

There are three certainties in this world: Death, Taxes and Homework Assignments. No matter where you study, and no matter…
How to Finish Assignments When You Can’t

Crunch time is coming, deadlines need to be met, essays need to be submitted, and tests should be studied for.…
How to Effectively Study for a Math Test

Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…