Accounting profit equals total revenue minus

A. economic profits.
B. economic costs.
C. explicit costs.
D. implicit costs.

Answer: C

Economics

You might also like to view...

In the Keynesian system a drop in investment __________ cause the interest rate to __________

A) will; fall B) will; rise C) does not; rise D) does not necessarily; fall

Economics

In 2010, the proportion of all poverty-level families headed by a female was

a. approximately one-fourth. b. approximately one-third. c. approximately half. d. more than three-fourths.

Economics