Which of the Following Would Explain Why Economic Profit Might

question 180

Multiple Choice

Which of the following would explain why economic profit might be less than accounting profit?

• A)A firm's net income is less than its accounting profit.
• B)A firm has only explicit costs.
• C)A firm's net income is greater than its accounting profit.
• D)A firm has implicit costs as well as explicit costs.

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Definitions:

Scaffolding

A teaching method that involves providing supportive structures and guidance to allow students to step-by-step achieve greater levels of understanding or skill.

Self-Esteem

A term describing an individual's overall subjective emotional evaluation of their own worth; it is the decision made by an individual as an attitude towards the self.

Self-Esteem

A measure of how much you value, respect, and feel confident about yourself.

Anti-Bias Curriculum

An educational approach designed to challenge prejudices and promote understanding and respect for diversity among all children.