Which of the Following Statements Is Correct

question 99

Multiple Choice

Which of the following statements is correct?

• A)Opportunity costs equal explicit minus implicit costs.
• B)Economists consider opportunity costs to be included in a firm's total revenues.
• C)Economists consider opportunity costs to be included in a firm's costs of production.
• D)All of the above are correct.

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Definitions:

Blood Clots

Formed masses of blood that can block circulation, potentially leading to various medical conditions such as stroke, heart attack, or deep vein thrombosis.

Bone Density

A measure of the amount of minerals (such as calcium) contained in a certain volume of bone.

Depo-Provera (DMPA)

A birth control shot that contains the hormone progestin, administered every three months to prevent pregnancy.

Injection

The act or process of administering a liquid, especially a drug, into a person's body using a needle and syringe.