Afirm is making an economic loss of $100,000.
this means that:
a. the firm should...
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Afirm is making an economic loss of $100,000.
this means that:
a. the firm should immediately exit industry
b. firm could increase economic profit if its resources were used in a different way
c. firm is not making an accounting profit
d. firms revenues are less than its opportunity costs
if a firm is making an economic profit of zero:
a. it is not making an accounting profit
b. it cannot make a higher economic profit by changing how it is using its resources
c. firm should change to a different line of business
d. it will have unhappy stockholders
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