If a Firm Has Total Revenue of $300 Million,explicit Costs

question 84

Multiple Choice

If a firm has total revenue of $300 million,explicit costs of $200 million and implicit costs of $30 million,its accounting profit is:

• A)$200 million.
• B)$100 million.
• C)$70 million.
• D)-$10 million.
• E)-$20 million.