Economic profits and lossesa. equalize the distribution of income in the long run. b. are essential to the reallocation of resources from less desired to more desired goods. c. have no influence on the composition of domestic output. d. are both considered by economists to be a part of production costs.

The correct answer is letter "B": are essential to the reallocation of resources from less desired to more desired goods.

Explanation:

Economic profit is the difference between the company's profits from revenue and the overall opportunity cost. The difference between accounting profit and economic profit is significant. Only total revenue minus the explicit cost of producing goods or services is considered to calculate the accounting profit.

The economic profit is called a loss if after subtracting the opportunity costs from revenue the figure is negative. Both profit or losses determine how resources will be allocated in a company prioritizing the more desired goods or those who are needed for the firm's operations.

there was no passage listed but using the process of elimination i'd say it was d. the high economy would do the opposite. i don't see how low prices would affect it. high unemployment is possible but i feel d is the better answer.

anjan should should report alteast 5000 on the first apyment and 10,000 each year

explanation: