A Certain Firm Manufactures and Sells Computer Chips

question 111

Multiple Choice

A certain firm manufactures and sells computer chips.Suppose that last year it sold 4 million chips at a price of $10 per chip.Which of the following terminology correctly accounts for the $40 million to this firm

• A)Its accounting profit amounted to $40 million.
• B)Its economic profit amounted to $40 million.
• C)Its total revenue amounted to $40 million.
• D)Its explicit costs amounted to $40 million.

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Definitions:

Deir El-Bahri

An architectural complex in Luxor, Egypt, notably the site of Hatshepsut’s mortuary temple, showcasing the pinnacle of ancient Egyptian architectural and artistic ingenuity.

Mortuary Temple

In Egyptian architecture, a temple erected for the worship of a deceased pharaoh.

Hatshepsut

The fifth pharaoh of the Eighteenth Dynasty of Egypt, notable for being one of the few female rulers and for her wealth and building projects.

Portrait

An artistic representation of a person in which the face and its expression is predominant, intended to display the likeness, personality, and even the mood of the person.