Consider the Following Information About a Business Diane Opened Last

question 171

Multiple Choice

Consider the following information about a business Diane opened last year: price = $20, quantity sold = 25,000; implicit cost = $255,000; explicit cost = $360,000. Assuming that all relevant costs and revenue are noted, what was Diane's economic profit?

• A)$140,000
• B)-$115,000
• C)-$140,000
• D)$220,000
• E)$245,000

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Definitions:

Suicide Rates

The statistical measurement of the number of suicide deaths in a given population during a specific time period.

Social Collectives

Groups or assemblies of individuals who come together or are classified together based on shared interests, activities, or purposes.

Durkheim

A foundational sociologist who emphasized the importance of social structures and institutions in shaping individual behavior and contributed major theories on social cohesion and anomie.

Egoistic Suicides

A concept by Emile Durkheim referring to suicides resulting from a lack of integration of the individual into society.