Suppose that a firm produces 200,000 units a year and sells them all for Rs 10 each. The explicit costs of production are Rs 1,500,000 and the implicit costs of production are Rs 300,000. The economic and accounting profits for the firm are respectively.

Suppose that a firm produces 200,000 units a year and sells them all f

1.	Suppose that a firm produces 200,000 units a year and sells them all for Rs 10 each. The explicit costs of production are Rs 1,500,000 and the implicit costs of production are Rs 300,000. The economic and accounting profits for the firm are respectively.
Answer» Suppose that a firm produces 200,000 units a year and sells them all for Rs 10 each. The explicit costs of production are Rs 1,500,000 and the implicit costs of production are Rs 300,000. The economic and accounting profits for the firm are respectively.

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Suppose that a firm produces 200,000 units a year and sells them all for Rs 10 each. The explicit costs of production are Rs 1,500,000 and the implicit costs of production are Rs 300,000. The economic and accounting profits for the firm are respectively.

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