Total Profit = Total Revenue − Total Cost (Including Opportunity

question 84

Multiple Choice

Total profit = Total revenue − Total cost (including opportunity cost) . Total profit defined in this way is called

• A)accounting profit.
• B)economic profit.
• C)absolute profit.
• D)relative profit.

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Definitions:

Spelling

The process or activity of writing or naming the letters of a word in the correct sequence.

Iconic Memory

A type of visual memory that holds a brief photographic image of a scene that has been viewed for a small period.

Echoic Memory

A subtype of sensory memory that retains audio information for a few seconds after the sound is heard.

Visual Stimulation

Exposure to visual stimuli that influences a person's feelings, perception, or cognitive processes, often used in education, therapy, and entertainment.