If Explicit Costs Equal $157,000, Implicit Costs Equal $95,000, and Accounting

question 229

Multiple Choice

If explicit costs equal $157,000, implicit costs equal $95,000, and accounting profit equals $23,000, it follows that total revenue equals __________ and economic profit equals __________.

• A)$75,000; $17,000
• B)$180,000; -$72,000
• C)$68,000; $25,000
• D)$118,000; -$72,000
• E)There is not enough information given to answer this question.

---

Definitions:

Central Route Persuasion

A method of persuasion that involves deeply processing the content of the message, focusing on the arguments and evidence presented.

Dispositional Attribution

The tendency to attribute someone's behavior to their inherent qualities or character, rather than external situations.

Situational

Pertaining to or dependent upon the specific circumstances, context, or environment in which an event or action occurs.

Social Prescriptions

Non-medical remedies recommended to improve health and wellbeing, often involving social, physical, or community-based activities.