Advanced Placement (AP), 30.10.2021 14:00 JANA279
A firm is earning an accounting profit of $15,000. Its implicit costs are $2,000, explicit costs
are $10,000, and its economic profit is $13,000. What must its total revenue be?
16k
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Indeterminate
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A firm is earning an accounting profit of $15,000. Its implicit costs are $2,000, explicit costs
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