Total Revenue Minus Only Implicit Costs Is Called

question 286

Multiple Choice

Total revenue minus only implicit costs is called

• A)accounting profit.
• B)economic profit.
• C)opportunity cost.
• D)None of the above is correct.

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Definitions:

Genetic Drift

A mechanism of evolution in which allele frequencies of a population change over generations due to random sampling effects.

Early Experience

Events or exposures occurring at young ages that significantly influence an individual's future behavior and cognitive development.

Brain Growth

The process of development and maturation of the brain which involves increases in size, complexity, and functional capacity.

Animal Studies

Research involving the use of non-human animals to explore biological, psychological, or social processes that may be relevant to human behavior.