1.

Calculate the economic profit for a firm if its total revenues are Rs. 35 crores, explicit costs are Rs. 7 crores, and implicit costs are Rs. 10 crores.

A. Rs. 32 crores
B. Rs. 52 crores
C. Rs. 18 crores
D. Rs. 38 crores
Answer» D. Rs. 38 crores


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