Which of the Following Statements Is True

question 112

Multiple Choice

Which of the following statements is true?

• A)Explicit costs always equal implicit costs.
• B)Zero economic profit is a smaller dollar figure than normal profit.
• C)Zero economic profit is a larger dollar figure than normal profit.
• D)Saying that a firm earned zero economic profit is the same as saying it earned normal profit.
• E)none of the above

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Definitions:

Disenfranchise Southern Blacks

Historical efforts and practices, especially post-U.S. Civil War, geared towards preventing African Americans in the Southern states from voting and exercising their full rights.

Mississippi

A state in the southern region of the United States, known for its rich history, especially regarding the Civil Rights Movement and profound cultural contributions like blues music.

Readjuster Party

A political movement in Virginia during the late 19th century, advocating for the reorganization of the state's debt and expanded funding for public services, including education for African Americans.

Economic Interests

The motivations and priorities related to wealth, resources, and financial gains of individuals or organizations.