If the firm produces 12 units, will the firm's economic profit be positive, negative, or
zero? Explain.

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07-04-2021
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If the firm produces 12 units, will the firm's economic profit be positive, negative, or
zero? Explain.

Sagot :

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dineshjadhav9e dineshjadhav9e · Answer 1 · 2021-04-07T00:44:30-04:00

dineshjadhav9e dineshjadhav9e

07-04-2021

Answer:

your answer is,

When economic profit is zero, a firm is earning the same as it would if its resources were employed in the next best alternative. If the economic profit is negative, firms have the incentive to leave the market because their resources would be more profitable elsewhere.

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