A Payment for the Use of Any Resource Over and Above

question 275

Multiple Choice

A payment for the use of any resource over and above its opportunity cost is called

• A) accounting profit.
• B) economic profit.
• C) normal cost.
• D) economic rent.

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Definitions:

Lecithin

A fatty substance found in plant and animal tissues, used as an emulsifier in food products and nutritional supplements.

Lecithin

A fatty substance found in plant and animal tissues, commonly used as an emulsifier in food products.

Societal-contractual System

A theoretical construct that signifies the system of implicit and explicit contracts that govern the conduct of members within a society.

Interpersonal Relationships

The connections and associations between two or more people, influenced by various factors including communication, social roles, and mutual interests.