If Total Revenue Covers Explicit Costs but Not Opportunity Costs,then

question 27

Multiple Choice

If total revenue covers explicit costs but not opportunity costs,then

• A) both economic profit and accounting profit are positive.
• B) economic profit is positive,but accounting profit is negative.
• C) accounting profit is positive,but economic profit is negative.
• D) neither accounting profit nor economic profit is positive.
• E) accounting profit is negative,but economic profit may be positive or negative.