Scenario 13-13 Christine Is an Artist Who Creates Custom Cookie Jars. Her

question 87

Multiple Choice

Scenario 13-13
Christine is an artist who creates custom cookie jars. Her annual revenue from selling the cookie jars is $90,000. The annual explicit costs of the materials used to make the cookie jars are $54,000.
-Refer to Scenario 13-13. Christine could earn $6,000 per year preparing taxes. In calculating the economic profit of her cookie jar business, the $6,000 that Christine gives up is counted as part of her business's

• A)total revenue.
• B)explicit costs.
• C)implicit costs.
• D)marginal costs.

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Definitions:

Respiratory Distress

A condition characterized by difficulty breathing or shortness of breath that can be a result of various ailments including asthma, pneumonia, or cardiac conditions.

Thick Secretions

Viscous bodily fluids that may obstruct airways or complicate medical conditions, necessitating medical intervention.

Tenacious Mucus

A thick and sticky phlegm or secretion produced by the mucous membranes of airways, which is particularly difficult to clear.

Tracheostomy Tube

A tube inserted into a surgically created hole (tracheostomy) in the front of the neck and into the trachea to assist breathing.