Answered

Which of the following is an example of an economic loss?

A. Workplace losses
B. Medical expenses
C. Property damage
D. All choices are correct



Answer :

GinnyAnswer

Final answer:

Economic loss is when total costs exceed revenue for a firm in the short run due to layoffs, accidents, and health issues.


Explanation:

Economic loss refers to the amount by which the total cost exceeds total revenue in the short run for a firm. Examples of economic losses include layoffs resulting in unemployment, accidents involving property damage, and health issues leading to medical expenses.


Learn more about Economic Loss here:

https://brainly.com/question/33250757


Other Questions