Calculate the economic profit for a firm if its total revenues are Rs 180 crores, explicit costs are Rs 95 crores, and implicit costs are Rs 25 crores.
In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select theappropriate option. If a sentence is free from error, select 'No Error'.
She was (1)/ quite amusing (2)/ at that story. (3)/ No error (4)
If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the marginal revenue is zero.