If a firm's revenues just cover all its opportunity costs, then ________________.
A. normal profit is zero.
B. economic profit is zero.
C. total revenues equal its explicit costs.
D. total revenues equal its implicit costs.
Answer:A
If a firm's revenues just cover all its opportunity costs, then ________________.
A. normal profit is zero. B. economic profit is zero. C. total revenues equal its explicit costs. D. total revenues equal its implicit costs.