If the Owners of a Business Are Receiving Total Revenues

question 36

Multiple Choice

If the owners of a business are receiving total revenues just sufficient to cover all of their explicit and implicit costs, then they are:

• A)doing better than their next best alternative.
• B)earning a normal profit.
• C)earning an economic loss.
• D)doing worse than their next best alternative.

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Definitions:

Senses

The physiological capacities of organisms that provide the ability to see, hear, taste, smell, and touch.

Heartburn

A condition marked by a burning sensation in the chest, usually caused by acid reflux into the esophagus.

Esophageal Spasms

Involuntary contractions or sudden tightening of the esophagus muscles, causing pain or difficulty in swallowing.

Fluid Regurgitation

The backward flow of bodily fluids, commonly referring to the stomach contents into the esophagus or blood through a valve in the heart.