Implicit and Explicit Revenues Minus Implicit and Explicit Costs Equals

question 117

Multiple Choice

Implicit and explicit revenues minus implicit and explicit costs equals:

• A) accounting profit.
• B) economic profit.
• C) zero profit.
• D) implicit profit.

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Definitions:

Fat

A natural oily substance occurring in animal bodies and plants, serving mainly as a reserve of energy.

Glucose

A simple sugar and an important energy source in living organisms, and the primary source of energy for the human brain.

Orbital Decompression

A surgical procedure used to relieve pressure within the eye socket (orbit), often for conditions like Graves' ophthalmopathy.

Eye

An organ of vision that detects light and converts it into electro-chemical impulses in neurons.