Which of the Following Expressions Is Correct

question 496

Multiple Choice

Which of the following expressions is correct?

• A)accounting profit = total revenue - explicit costs
• B)economic profit = total revenue - implicit costs
• C)economic profit = total revenue - explicit costs
• D)Both a and b are correct.

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Definitions:

Signaling Molecule

A chemical substance, such as a hormone or neurotransmitter, that is involved in transmitting information between cells and tissues within an organism.

Receptor

A molecular structure within or on the surface of a cell that binds to specific molecules like hormones or neurotransmitters, triggering a specific cellular response.

Histamine

Substance released from mast cells that causes inflammation.

Allergic Reaction

An immune system response to a foreign substance that is not typically harmful to the body, such as pollen or certain foods.