Accounting profits are found by total revenues minus
A) explicit costs.
B) explicit and implicit costs.
C) implicit costs.
D) all opportunity costs.
Answer: A
Economics
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Which of the following are equilibrium conditions in the simple Keynesian model?
a. Ir = I b. G = T c. S + T = I + G d. Y = C + I + G e. A, c, and d
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What could result in an increase of consumption demand and a decrease in labor supply?
A) a drop in current taxes B) an increase in future taxes C) a decrease in total factor productivity D) an increase in government expenses
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