Total Revenue Minus Only Explicit Costs Is Called

question 200

Multiple Choice

Total revenue minus only explicit 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:

Habituation

The psychological process by which an individual becomes accustomed to a stimulus and consequently decreases their response to it over time.

Shaping

A method used in behavioral psychology to gradually train a new behavior by reinforcing successive approximations of the target behavior.

Discrimination

Unfair or prejudicial treatment of individuals based on their characteristics such as race, gender, age, or sexual orientation, resulting in denial of opportunities or rights.