Total revenue minus total cost is equal to
A) producer surplus.
B) dividends.
C) consumer surplus.
D) profit.
E) retained earnings.
Correct Answer:
Verified
Q4: Which of the following statements is true?
A)
Q5: Accountants consider only explicit costs when measuring
Q6: If a firm has total costs of
Q7: Economists consider both explicit costs and implicit
Q8: What needs to be done to ensure
Q10: Implicit costs can be difficult to measure
Q11: Lisette is the owner of a bakery
Q12: Implicit costs are
A) the opportunity cost of
Q13: If a firm generates $240,000 in revenue,earns
Q14: An explicit cost for a business that
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