Accounting profits are
A) total revenue minus explicit costs.
B) total revenue minus implicit costs.
C) total revenue minus explicit and implicit costs.
D) total revenue minus normal costs.
A
Economics
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Refer to Figure 18.4. With free trade, what is the equilibrium quantity of gloves in Duckland?
A) 100 B) 80 C) 60 D) 40
Economics
An example of a quota that protects an American industry is the quota on
a. tourists entering the country. b. sugar imports. c. sales of oil products to foreign countries. d. purchases of military hardware to foreign dictators. e. All of the above are examples of protective quotas.
Economics