Which of the Following Expressions Is Correct

question 54

Multiple Choice

Which of the following expressions is correct?

• A)accounting profit = economic profit + implicit costs
• B)accounting profit = total revenue − implicit costs
• C)economic profit = accounting profit + explicit costs
• D)economic profit = total revenue − implicit costs

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Definitions:

Potential Solutions

Possible strategies or methods that could be employed to address and resolve a specific problem or challenge.

Strategy

A plan of action designed to achieve a long-term or overall aim, often involving a series of tactics or methodologies.

Professional Appearance

The manner of dressing and grooming oneself in a way that meets the expectations and standards of a particular profession.

Tattoos

Permanent marks or designs made on the skin by inserting pigment through punctures in the skin's top layer.