Which of the Following Expressions Is Correct

question 496

Multiple Choice

Which of the following expressions is correct?

• A)accounting profit = total revenue - explicit costs
• B)economic profit = total revenue - implicit costs
• C)economic profit = total revenue - explicit costs
• D)Both a and b are correct.

---

Definitions:

Type A Personality

Type A personality is characterized by a constant feeling of working against the clock and a strong sense of competitiveness.

Cortisol

A steroid hormone released by the adrenal glands in response to stress or low blood glucose; plays a key role in the body's stress response.

Lymphocytes

A type of white blood cell that is part of the immune system, playing a significant role in the body's defense against infections and diseases.

Self-Control

The proficiency in governing one's emotional responses, intellectual activities, and conduct in situations of temptation and impulse.