Entrepreneurial profit is said to be the "residual." Another way of putting it is that entrepreneurial profit is: O The rental revenue the entrepreneur gathers from a property What the entrepreneur pays himself in salary O The revenue left once all costs, including opportunity costs, are taken into account-the revenue attributed to the entrepreneur bearing uncertainty The revenue left once financial costs are taken into account 4 pts
Question
Entrepreneurial profit is said to be the "residual." Another way of putting it is that entrepreneurial profit is: O The rental revenue the entrepreneur gathers from a property What the entrepreneur pays himself in salary O The revenue left once all costs, including opportunity costs, are taken into account-the revenue attributed to the entrepreneur bearing uncertainty The revenue left once financial costs are taken into account 4 pts
Solution
Entrepreneurial profit is said to be the "residual." Another way of putting it is that entrepreneurial profit is the revenue left once
Similar Questions
Fill in the Blank QuestionFill in the blank question.Economic profit is the reward to residual claimants for assuming financial .
Total revenue minus the implicit and explicit costs of production is profit.
1-3 Economic profit is the difference betweena.total revenue and the opportunity cost of all of the resources used in production.b.total revenue and the implicit costs of using owner-supplied resources.c.accounting profit and the opportunity cost of the market-supplied resources used by the firm.d.accounting profit and explicit costs.
A(n) profit simply indicates that the firm is doing just as well as it would have if it had chosen to use its resources to produce a different product or to compete in a different industry.
What does ROI stand for in entrepreneurship?
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