Which of the Following Is True If the Opportunity Cost

question 34

Multiple Choice

Which of the following is true if the opportunity cost of producing a particular good is less than its accounting profit?

• A)Economic profit is zero.
• B)Economic profit is negative.
• C)Economic profit is positive.
• D)Economic profit cannot be determined.

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Definitions:

Hypertension

A chronic medical condition where the blood pressure in the arteries is elevated.

Blood Pressure

The pressure of circulating blood on the walls of blood vessels, typically measured for health monitoring purposes.

Chronically

Describing something happening over a long duration, often used in the context of diseases or conditions that are persistent and enduring.

Testosterone Levels

The concentration of the hormone testosterone in the bloodstream, which plays a key role in male development and health.