If the Explicit Costs to a Firm to Produce a Unit

question 383

Multiple Choice

If the explicit costs to a firm to produce a unit of output are $6 and the firm sells 200,000 units of output for $9 per unit, the accounting profit received by the producer is

• A) $1.2 million.
• B) $850,000.
• C) $1.8 million.
• D) $600,000.

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Definitions:

Relay

A system or process in which information, data, or objects are passed along through a series of stations or individuals until the final destination is reached.

Cluster Chain

A series of events, ideas, or objects grouped together due to their connection or relation to one another.

Grapevine

Informal communication channels within organizations where information, rumors, and unofficial news spread among employees.

Close Contacts

Individuals who are closely connected to one another, often through frequent interaction or emotional bonds.