Q. Calculate the economic profit for a firm if it's total revenues are Rs. 35 crores, explicit costs are Rs. 7 crores, and implicit costs are Rs. 10 crores.
A) Rs. 52 crores
B) Rs. 32 crores
C) Rs. 38 crores
D) Rs. 18 crores
✔ Correct Answer: Rs. 18 crores
Exam Insight
-