Zipco's accounting profit is equal to its
A) total revenue minus opportunity costs
B) total revenue plus opportunity costs
C) total revenue minus imputed costs
D) total revenue minus explicit costs
E) total revenue minus explicit and implicit costs
Correct Answer:
Verified
Q30: Suppose a lawyer leaves his $50, 000-a-year
Q31: Maryann and Don want to open their
Q32: Suppose Bob leaves his $50, 000-a-year job
Q33: Suppose Ben buys out Jerry's ownership in
Q34: Accounting profit is
A)always less than economic profit
B)never
Q36: Normal profit is defined as
A)accounting profit
B)economic profit
C)profit
Q37: Suppose Ernie gives up his job as
Q38: Accounting profit equals
A)explicit costs minus implicit costs
B)economic
Q39: Which of the following would be shown
Q40: Economic profit is defined as total revenue
A)plus
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