NEW
practice questions
NEW
cheatsheets
log in
Practice Quizzes
AP Microeconomics
Unit 3 – Production, Cost, and the Perfect Competition Model
Topic 3.4
Unit 3 – Production, Cost, and the Perfect Competition Model
3.4 Types of Profit
mixed difficulty
A firm's economic profit is negative when?
Total revenue is less than explicit costs
Implicit costs exceed explicit costs
Total revenue is greater than total costs
Marginal revenue is greater than marginal cost
Study guides (1)
AP Microeconomics - 3.4 Types of Profit
Key terms
Economic profit
Guides
Glossary
Next
0