Which of the Following Equations Is Correct

question 177

Multiple Choice

Which of the following equations is correct?

• A) accounting profit = total revenue - (explicit costs + implicit costs)
• B) normal profit = accounting profit + economic profit
• C) economic profit = accounting profit - implicit costs
• D) economic profit = accounting profit - explicit costs

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Definitions:

Memory Study

The scientific research focused on understanding how memory works, including processes of encoding, storing, and retrieving information.

LTP

Long-Term Potentiation, a long-lasting increase in signal transmission between two neurons, considered one of the cellular mechanisms that underlies learning and memory.

Episodic Memories

Memories of autobiographical events that can be explicitly stated, including contexts, associated emotions, and the spatial-temporal sequences.

Hippocampus

A key structure in the brain involved in the consolidation of information from short-term memory to long-term memory and spatial memory.