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MMLU-Pro / 6838 / When a firm is earning a normal profit from the production of a good, it is true…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

When a firm is earning a normal profit from the production of a good, it is true that

category

economics

options

  1. total revenues from production are equal to implicit costs.
  2. total revenues from production are equal to explicit costs.
  3. explicit costs are higher than implicit costs.
  4. total revenues from production are equal to the sum of explicit and implicit costs.
  5. total revenues from production are lower than the sum of explicit and implicit costs.
  6. explicit costs are equal to implicit costs.
  7. implicit costs are higher than explicit costs.
  8. total revenues from production are higher than the sum of explicit and implicit costs.
  9. total revenues from production are equal to double the sum of explicit and implicit costs.
  10. implicit costs are equal to the difference of total revenues from production and explicit costs.

src

ori_mmlu-high_school_microeconomics

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Source and history

Official source

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