Which of the Following Is the Formula Used for Computing

question 408

Multiple Choice

Which of the following is the formula used for computing an accounting profit?

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

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Definitions:

Population Control

Strategies and policies implemented to regulate the growth and size of human populations to ensure sustainability and quality of life.

Thomas Malthus

An English economist and demographer, best known for his theory that population growth will outpace the food supply, leading to societal collapse.

Industrialization

The development of industries in a country or region on a wide scale, leading to significant changes in society and the economy.

Population Growth

The increase in the number of individuals in a population, typically measured as a percentage of the existing population.