Fill in the Blank QuestionFill in the blank question.Economic profit is the reward to residual claimants for assuming financial .

economic profit would be equal to accounting profit whenedit

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

It is also known as economic profit for its attempts to capture the true economic profit of a company.a.Economic Value Addedb.Weighted Average Cost of Capitalc.Weighted Average Cost of Assetsd.Ergonomic Value Added

1-2 Economic profit​a.is a theoretical measure of a firm’s performance and has little value in real world decision making.​b.can be calculated by subtracting implicit costs of using owner-supplied resources from the firm’s total revenue.​c.is negative when total costs exceed total revenues.​d.is generally larger than accounting profit. ​

Economic profit creates an incentive for other perfectly competitive firms to