Which of the Following Statements Is Correct

question 99

Multiple Choice

Which of the following statements is correct?

• A)Opportunity costs equal explicit minus implicit costs.
• B)Economists consider opportunity costs to be included in a firm's total revenues.
• C)Economists consider opportunity costs to be included in a firm's costs of production.
• D)All of the above are correct.

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Definitions:

Right Hemisphere

Refers to the half of the brain responsible for spatial abilities, facial recognition, and processing music.

Left Hemisphere

The left hemisphere of the brain is responsible for controlling the right side of the body and is typically associated with logical reasoning, analytical thinking, and language processing.

Corpus Callosum

A large band of neural fibers connecting the two hemispheres of the brain, facilitating interhemispheric communication.

Cerebral Hemispheres

The cerebral hemispheres are the two halves of the brain that are divided by the longitudinal fissure, responsible for controlling different functions, with the left hemisphere typically managing speech and comprehension, and the right hemisphere focusing on creativity and spatial ability.