Asked by Tamara

What is the lowest value of economic profit that the firm must earn if it is to keep its resources in the current industry?

do some research, then take a shot. Hint: what is the difference between economic profit and accounting profit.
Answered by Julie
zero economic profit?
Answered by tina
What is the lowest value of economic profit that the firm must earn if it is to keep its resources in the current industry?


Answered by Anonymous
Economic profit equal to 10% of the cost of capital plus labor
Answered by laila
Economic profit that is less than zero
Answered by Ahmed
Economic profit equal to explicit costs of production
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