The table below provides the annual revenues and costs for a family- owned firm producing catered meals. TABLE 7- 1
-Refer to Table 7- 1.To an accountant,this family- owned catering company is earning .To an economist,the same firm is earning _ .
A) zero profit; normal profits
B) positive profits; economic losses
C) economic profits; economic profits
D) economic profits; economic losses
E) zero profit; economic losses
Correct Answer:
Verified
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