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Business, 02.12.2019 20:31 shayyy49

Afirm is making an economic loss of $100,000.

this means that:

- the firm should immediately exit the industry.

- the firm could increase economic profit if its resources were used in a different way.

- the firm is not making an accounting profit.

- the firm's revenues are less than its opportunity costs.

if a firm is making an economic profit of zero:

- it will have unhappy stockholders.

- it cannot make a higher economic profit by changing how it is using its resources.

- it is not making an accounting profit.

- the firm should change to a different line of business.

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Answers: 1

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Afirm is making an economic loss of $100,000.

this means that:

- the firm...
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