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Suppose that a sole proprietorship is earning total revenues of Rs. 1,00,000 and is incurring explicit costs of Rs. 75,000. If the owner could work for another company for Rs. 30,000 a year, we would conclude thata)the firm is incurring an economic lossb)implicit costs are Rs. 25,000c)the total economic costs are Rs. 1,00,000d)the individual is earning an economic profit of Rs. 25,000Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Suppose that a sole proprietorship is earning total revenues of Rs. 1,00,000 and is incurring explicit costs of Rs. 75,000. If the owner could work for another company for Rs. 30,000 a year, we would conclude thata)the firm is incurring an economic lossb)implicit costs are Rs. 25,000c)the total economic costs are Rs. 1,00,000d)the individual is earning an economic profit of Rs. 25,000Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Suppose that a sole proprietorship is earning total revenues of Rs. 1,00,000 and is incurring explicit costs of Rs. 75,000. If the owner could work for another company for Rs. 30,000 a year, we would conclude thata)the firm is incurring an economic lossb)implicit costs are Rs. 25,000c)the total economic costs are Rs. 1,00,000d)the individual is earning an economic profit of Rs. 25,000Correct answer is option 'A'. Can you explain this answer?.

Solutions for Suppose that a sole proprietorship is earning total revenues of Rs. 1,00,000 and is incurring explicit costs of Rs. 75,000. If the owner could work for another company for Rs. 30,000 a year, we would conclude thata)the firm is incurring an economic lossb)implicit costs are Rs. 25,000c)the total economic costs are Rs. 1,00,000d)the individual is earning an economic profit of Rs. 25,000Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

Here you can find the meaning of Suppose that a sole proprietorship is earning total revenues of Rs. 1,00,000 and is incurring explicit costs of Rs. 75,000. If the owner could work for another company for Rs. 30,000 a year, we would conclude thata)the firm is incurring an economic lossb)implicit costs are Rs. 25,000c)the total economic costs are Rs. 1,00,000d)the individual is earning an economic profit of Rs. 25,000Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Suppose that a sole proprietorship is earning total revenues of Rs. 1,00,000 and is incurring explicit costs of Rs. 75,000. If the owner could work for another company for Rs. 30,000 a year, we would conclude thata)the firm is incurring an economic lossb)implicit costs are Rs. 25,000c)the total economic costs are Rs. 1,00,000d)the individual is earning an economic profit of Rs. 25,000Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Suppose that a sole proprietorship is earning total revenues of Rs. 1,00,000 and is incurring explicit costs of Rs. 75,000. If the owner could work for another company for Rs. 30,000 a year, we would conclude thata)the firm is incurring an economic lossb)implicit costs are Rs. 25,000c)the total economic costs are Rs. 1,00,000d)the individual is earning an economic profit of Rs. 25,000Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Suppose that a sole proprietorship is earning total revenues of Rs. 1,00,000 and is incurring explicit costs of Rs. 75,000. If the owner could work for another company for Rs. 30,000 a year, we would conclude thata)the firm is incurring an economic lossb)implicit costs are Rs. 25,000c)the total economic costs are Rs. 1,00,000d)the individual is earning an economic profit of Rs. 25,000Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Suppose that a sole proprietorship is earning total revenues of Rs. 1,00,000 and is incurring explicit costs of Rs. 75,000. If the owner could work for another company for Rs. 30,000 a year, we would conclude thata)the firm is incurring an economic lossb)implicit costs are Rs. 25,000c)the total economic costs are Rs. 1,00,000d)the individual is earning an economic profit of Rs. 25,000Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.