If a firm has explicit costs of $100,000 and implicit costs of $30,000,and generates $150,000 in revenue,then its accounting profit is _____
A)$20,000.
B)$30,000.
C)$50,000.
D)$100,000.
E)$130,000.

Question

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The Answer of If a firm has explicit costs of $100,000 and implicit costs of $30,000,and generates $150,000 in revenue,then its accounting profit is _____
A)$20,000.
B)$30,000.
C)$50,000.
D)$100,000.
E)$130,000.

If a Firm Has Explicit Costs of $100,000 and Implicit