A Firm Has $200 Million in Total Revenue and Explicit

question 26

Multiple Choice

A firm has $200 million in total revenue and explicit costs of $190 million. If its owners have invested $100 million in the company at an opportunity cost of 10 percent interest per year, the firm's accounting profit is:

• A) $400 million.
• B) $100 million.
• C) $80 million.
• D) $10 million.
• E) zero.

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Definitions:

Native-Born Americans

Individuals born in the United States, including those with citizenship by birthright regardless of parental nationality.

Roman Catholics

Members of the Roman Catholic Church, the largest Christian church, led by the Pope and characterized by its liturgical traditions and teachings of apostolic succession.

Animosity

A strong feeling of hostility or antagonism towards someone or something.

Martin Delaney

An African American abolitionist, journalist, physician, and writer, known for his advocacy for black nationalism and for being one of the first proponents of African American emigration to Africa.