Accounting profit minus implicit costs equals:
A) total revenues.
B) economic profit.
C) explicit costs.
D) fixed costs.
Correct Answer:
Verified
Q13: Which of the following would not be
Q14: Last year Christine worked as a consultant.
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Q16: Last year Christine worked as a consultant.
Q17: An example of an implicit cost is:
A)interest
Q19: Which of the following statements about implicit
Q20: Which of the following statements about explicit
Q21: Suppose Lando Calrissian owns a smuggling
Q22: The allocative function of price is to:
A)distribute
Q23: The role that prices play in directing
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