Which of the Following Statements Is True

question 241

Multiple Choice

Which of the following statements is true?

• A)Explicit costs always equal implicit costs.
• B)Zero economic profit is a smaller dollar figure than normal profit.
• C)Zero economic profit is a larger dollar figure than normal profit.
• D)Saying that a firm earned zero economic profit is the same as saying it earned normal profit.

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Definitions:

Somatic

Relating to or affecting the body, distinct from the mind or psyche.

Autonomic Nervous System

A part of the peripheral nervous system that controls involuntary body functions, including heart rate, digestion, and respiratory rate.

Somatic

Relating to or affecting the body, especially as distinct from the mind or psyche.

Sympathetic

Pertaining to the sympathetic nervous system, which activates the body’s fight or flight response under stress.