Which of the Following Statements Is True

question 248

Multiple Choice

Which of the following statements is true?

• A)An explicit cost is an actual cost; an implicit cost is a theoretical cost.
• B)Economic costs include both explicit costs and implicit costs.
• C)An explicit cost is more important, dollar for dollar, than an implicit cost.
• D)Explicit costs are accounting costs, not economic costs; implicit costs are economic costs, not accounting costs.

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Definitions:

Regulation Of Hunger

The physiological and psychological processes that govern the sensation of hunger, including the body's mechanisms for maintaining energy balance.

Leptin

A hormone produced primarily by fat cells that is involved in the regulation of appetite and metabolism, signaling satiety to the brain.

Hunger Regulation

The physiological and psychological processes that manage the body's energy needs through signals that dictate when to eat and when to stop eating.

Leptin Levels

Refers to the concentration of leptin, a hormone produced by fat cells that regulates appetite and energy balance in the body, signaling hunger reduction and promoting energy expenditure.