Answer :
The economic profit is -$20 million.
What is economic profit?
Economic profit is defined as a profit or a loss that can be determined by deducting the explicit costs and the opportunity costs from the money or the revenue generated by a company. It is important to mention that economic profit helps in the measurement of efficiency, and success, and also ranks the different opportunities. Furthermore, the calculation also has certain disadvantages and including issues in making estimations, and does not have certain financial aspects.
Given that,
Total revenue = $200 million
Explicit costs = $190 million
Implicit costs =$30 million
Hence,
Economic profit = 200 - (190 + 30) = 200 - 220 = -20 million
It can be concluded that the economic profit is -$20 million.
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