Total Revenue Minus Both Explicit and Implicit Costs Is Called

question 139

Multiple Choice

Total revenue minus both explicit and implicit costs is called

• A) accounting profit.
• B) economic profit.
• C) average total cost.
• D) None of the above is correct.

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Definitions:

Working Memory

The part of short-term memory that is concerned with immediate conscious perceptual and linguistic processing.

Sensory Memory

The shortest term element of memory, it is the ability to retain impressions of sensory information after the original stimuli have ended.

Abstract Thinking

The capability to conceptualize objects, principles, and ideas that are not tangible.

Old E-mail Password

A previously used secret alphanumeric code required to access one's email account, which may have been updated or changed.