If a Firm Has Total Revenue of $200 Million, Explicit

question 114

Multiple Choice

If a firm has total revenue of $200 million, explicit costs of $190 million, and implicit costs of $30 million, its economic profit is:

• A) $200 million.
• B) $70 million.
• C) $10 million.
• D) −$10 million.
• E) −$20 million.

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Definitions:

Transvestite Fetishism

Refers to a condition where sexual arousal is intensely obtained through cross-dressing.

Hormones

Chemical messengers produced by glands in the body that regulate physiological functions and behaviors.

Gender Dysphoria

A psychological condition where a person experiences distress due to a mismatch between their gender identity and their assigned sex at birth.

External Genitals

The visible parts of the genitalia, which in biological males usually includes the penis and scrotum, and in biological females includes the vulva.