When Total Revenue Is Less Than the Sum of Explicit

question 40

Multiple Choice

When total revenue is less than the sum of explicit and implicit costs,

• A) accounting profit is negative.
• B) normal profit is zero.
• C) the firm is experiencing an economic loss.
• D) economic profit is negative but normal profit is positive.
• E) accounting profit is positive.

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Definitions:

Developmental Variable

A factor that undergoes change over time and influences the growth or development of an individual or system.

Optimal Wellness

A state of complete physical, mental, and social well-being, not merely the absence of disease or infirmity, where an individual or group achieves a balance of health habits, mental stability, and social happiness.

System Variables

Components or factors within a system that can change and affect the system's behavior and outcomes.

Client Variables

Factors that can influence the behavior, experiences, and outcomes for clients receiving services, including their background, personality, and current situation.