Q. 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.
A) Rs 300 crores
B) Rs 110 crores
C) Rs 250 crores
D) Rs 60 crores
✔ Correct Answer: Rs 60 crores
Exam Insight
-