Economics

What is the lowest value of economic profit that the firm must earn if it is to keep its resources in the current industry?

do some research, then take a shot. Hint: what is the difference between economic profit and accounting profit.

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  2. 👎
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  1. zero economic profit?

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    2. 👎
  2. What is the lowest value of economic profit that the firm must earn if it is to keep its resources in the current industry?

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    2. 👎
  3. Economic profit equal to 10% of the cost of capital plus labor

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    2. 👎
  4. Economic profit that is less than zero

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    2. 👎
  5. Economic profit equal to explicit costs of production

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    2. 👎

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