Q. Calculate the accounting profits for a firm, if its economic profits for the year are Rs 60 crores, total implicit costs are Rs 18.5 crores and total explicit costs are Rs 35 crores

A) Rs 43.5 crores

B) Rs 113.5 crores

C) Rs 78.5 crores

D) Rs 76.5 crores

✔ Correct Answer: Rs 78.5 crores

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