Which of the following is an impossible combination Positive

Which of the following is an impossible combination? Positive accounting profit and positive economic profit Positive accounting profit and a normal proft Positive accounting proft and negative economic profit Negative accounting profit and positive economic proft O Negative accounting profnt and negative economic proft

Solution

Negative accounting profit and positive economic profit. The reason is economic profit is equal to accounting profits + returns to entrepreneurs etc (implicit cost). When accounting profit is negative, accounting profits+implicit cost become negative. So economic profit can\'t be positive