Economic profit equals accounting profit minus
A) explicit costs.
B) implicit costs.
C) fixed costs.
D) variable costs.
B
Economics
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Which is a good example of an increase in total factor productivity?
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What is the present value of a payment of $200 to be made one year from today if the interest rate is 10 percent?
a. $180 b. $181.82 c. $220 d. $222.22
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