Profit Computed Without Implicit Costs Is _____ Profit

question 132

Multiple Choice

Profit computed without implicit costs is _____ profit.

• A)explicit
• B)accounting
• C)implicit
• D)economic

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Definitions:

Quite

A word expressing a degree of agreement or the extent of an adjective or adverb; often used to modify statements.

Passed

Could refer to having been approved in a test or examination, or signifies someone or something that has moved beyond a certain point.

They're

A contraction of "they are," used to refer to two or more people, animals, or things.

Effected

Refers to something that has been brought about or achieved; an outcome that has been realized.