What is the main role of economic profits? » MCQ Academy English

Managerial Economics

What is the main role of economic profits?

To signal where resources are most highly valued
To help firms cover their production costs
To help consumers cover their opportunity cost
None of the statements associated with this question are correct

Note

the main role of economic profits is to signal where resources are most highly valued.

Tags: Fundamentals of Managerial Economics

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