Economists Calculate Profits as Total Revenue Minus

question 77

Multiple Choice

Economists calculate profits as total revenue minus

• A) depreciation.
• B) the sum of explicit and implicit costs.
• C) the sum of explicit costs and depreciation.
• D) raw material costs.

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The state or fact of being accountable or to blame for something, entailing a duty to deal with tasks or control over someone or something.

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The act of entrusting tasks or responsibilities to subordinates in an organization, empowering them while freeing up higher-level individuals for strategic planning.

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