If a Firm Has Total Revenue of $100,000, the Owner's

question 13

Multiple Choice

If a firm has total revenue of $100,000, the owner's labor in the firm is valued at $20,000, and the firm has explicit costs of $90,000, then the firm has earned a(n)

• A) economic profit of $10,000.
• B) accounting profit of $20,000.
• C) negative economic profit of $10,000.
• D) accounting loss of $10,000.
• E) accounting costs of $110,000.

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Definitions:

Inequities

Unfair, avoidable differences arising from poor governance, corruption, or cultural exclusion, often leading to disparities in health, opportunity, and treatment among different populations.

Parental Involvement

The active engagement and participation of parents in various aspects of their child's education, development, and daily care, shown to positively influence outcomes.

Pre-Kindergarten

An educational program or learning environment for children who are younger than the age required for kindergarten.

Learning Tasks

Activities or assignments designed to enhance knowledge or skill through practice and study, engaging cognitive processes for educational outcomes.