Economic and Accounting Profit help?
Which of the following are true?
a. If a company has accounting loss, it can’t have economic profit.
b. If a company has accounting profit, it could have economic loss.
c. If a company has economic break-even, it must have accounting profit.
d. If a company has economic profit, it must have accounting profit.
- OiyLv 61 month agoFavourite answer
A is true. Total revenue-explicit cost is negative. So economic profit cannot be positive because it has to include implicit cost.
- Anonymous1 month ago
So many cheaters