Which of the Following Statements Is Correct

question 42

Multiple Choice

Which of the following statements is correct?

• A)Assuming that explicit costs are positive, economic profit is greater than accounting profit.
• B)Assuming that implicit costs are positive, accounting profit is greater than economic profit.
• C)Assuming that explicit costs are positive, accounting profit is equal to economic profit.
• D)Assuming that implicit costs are positive, economic profit is positive.

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Definitions:

Type A Behaviour

A personality trait characterized by high levels of competitiveness, self-imposed stress, impatience, and a constant sense of urgency.

Self-Esteem

An individual's subjective evaluation of their own worth and capabilities.

Intergroup Bias

The tendency to favor one's own group over other groups in terms of judgment, preference, or treatment.

Task Conflict

Disagreements about the nature of the work to be done.