a. $6,020.41
b. $51,020.41
c. -$7,380.95
d. $10,000
b. $51,020.41
c. -$7,380.95
d. $10,000
Which of the following statements is true?
A. Economic profit is always positive.
B. Economic profit is greater than or equal to accounting profit.
C. Accounting profit is greater than or equal to economic profit.
D. Accounting profit is always positive.
Answer: C
Economics
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