These slides are very helpful for those who are preparing economics for any competitive exam like NET, PCS, IAS, UPPSC, ENTRANCE EXAMS etc.

1. Calculate the economic profit
for a firm if it's total revenues
are Rs. 35 crores, explicit costs
are Rs. 7 crores, and implicit
costs are Rs. 10 crores.
Options:
1) Rs. 32 crores 2) Rs. 52 crores
3) Rs. 18 crores 4) Rs. 38 crores

2. Given Information:
Total Revenue = Rs. 35 Crores
Explicit Cost = Rs. 7 Crores
Implicit Cost = Rs. 10 Crores
Economic Profit = ?

3. Economic = Revenue – (Explicit + Implicit)
Profit Cost Cost
= 35 – (7+10)
= 35 – 17
= 18 crores

4. Calculate the economic profit for a firm
if it's total revenues are Rs. 35 crores,
explicit costs are Rs. 7 crores, and implicit
costs are Rs. 10 crores.
Options:
1) Rs. 32 crores 2) Rs. 52 crores
3) Rs. 18 crores 4) Rs. 38 crores3) Rs. 18 crores

5. THANK YOU!!!!