Suppose That for a Particular Business There Are No Implicit

question 7

Multiple Choice

Suppose that for a particular business there are no implicit opportunity costs.Then

• A)accounting profit will be greater than economic profit.
• B)accounting profit will be the same as economic profit.
• C)accounting profit will be less than economic profit.
• D)the relationship between accounting profit and economic profit cannot be determined since the amount of explicit opportunity costs is not given.

---

Definitions:

Sign Code

A system of symbols and signs, often governed by rules, used for communication, such as in traffic signs or in the use of sign language.

Gastrojejunal Ulcer

An ulcer occurring at the junction of the stomach and the jejunum (the second part of the small intestine).

Hemorrhaging

Excessive bleeding, internally or externally, from the vascular system.

Obstruction

A blockage or impediment that prevents normal flow or movement within a bodily structure, such as intestines or blood vessels.