Which of the Following Is True If the Opportunity Cost

question 34

Multiple Choice

Which of the following is true if the opportunity cost of producing a particular good is less than its accounting profit?

• A)Economic profit is zero.
• B)Economic profit is negative.
• C)Economic profit is positive.
• D)Economic profit cannot be determined.

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Definitions:

Storage Device

A hardware device designed for storing and retrieving digital data, such as hard drives, USB flash drives, and SD cards.

SSD Drives

Solid State Drives, a type of mass storage device similar to a hard disk drive, but using flash memory for storing data, providing faster access speed and reliability.

Mechanical Hard Drives

Data storage devices that use mechanical components such as spinning disks and read/write heads to access and store digital information.

System Evaluation

The process of looking at a computer’s subsystems, what they do, and how they perform to determine whether the computer system has the right hardware components to do what the user ultimately wants it to do.