Economic Profit of a Decision in Question Equals

question 30

Multiple Choice

Economic profit of a decision in question equals

• A)accounting profit of the decision in question + its opportunity cost.
• B)accounting profit of the decision in question − accounting profit of the best available alternative.
• C)accounting profit of the decision in question + its opportunity cost + overheads.
• D)its opportunity cost + accounting profit of the best available alternative.

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Definitions:

Gastric Juice

A digestive fluid formed in the stomach that contains hydrochloric acid, enzymes, and mucus, aiding in the digestion of food.

Absorption

The process by which substances are taken up into, or across, tissues, such as the absorption of nutrients by the intestines into the bloodstream.

Anabolism

The constructive part of metabolism concerned with the biosynthesis of complex molecules from simpler substances within the body.

Catabolism

The breakdown of complex molecules in living organisms to form simpler ones, often resulting in the release of energy.