Wiladee Used to Work as an Office Manager,earning $25,000 Per

question 328

Multiple Choice

Wiladee used to work as an office manager,earning $25,000 per year.She gave up that job to start a tailoring business.In calculating the economic profit of her tailoring business,the $25,000 income that she gave up is counted as part of the tailoring firm's

• A) total revenue.
• B) opportunity costs.
• C) explicit costs.
• D) marginal costs.

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Definitions:

Heroin Addiction

A severe substance use disorder characterized by a dependence on heroin, affecting physical and mental health.

Erection and Ejaculation

Physiological phenomena in male sexuality where erection is the stiffening of the penis, and ejaculation is the release of semen.

Erectile Disorder

A condition characterized by the consistent difficulty in achieving or maintaining an erection sufficient for sexual activity.

Acute Erection Dysfunction

A sudden onset of difficulty in achieving or maintaining an erection sufficient for sexual activity.