Accounting profits are total revenues minus
A. explicit costs and all other relevant opportunity costs.
B. explicit costs.
C. explicit and implicit costs.
D. all relevant opportunity costs.
Answer: B
Economics
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We are using resources efficiently if we can produce more of one good without producing less of some other good that we value more highly
Indicate whether the statement is true or false
Economics
Securities dealers reduce the uncertainty associated with mortgage debt cash flows through the development of
A) convertible mortgages. B) callable mortgages. C) collateralized mortgage obligations. D) tax-exempt commercial paper.
Economics