Answer:
The answer us 4. Zero
Explanation:
Economic profit equals explicit cost minus implicit cost.
Explicit cost is also known as the accounting cost. It is the cost that are directly related or attributed to the production.
Implicit cost is the opportunity cost. It it the cost cost of the alternative forgone. The cost of the idea or business that wasn't chosen.
Explicit cost is $190 million
Implicit cost is $10 million( 10percent of $100million)
Total revenue is $200 million.
Therefore, economic profit is
($200 - $190 - 10)million.
= 0 or zero
