Which of the Following Definitions Is Correct

question 97

Multiple Choice

Which of the following definitions is correct?

• A)Accounting profit + economic profit = normal profit.
• B)Economic profit − accounting profit = explicit costs.
• C)Economic profit = accounting profit − implicit costs.
• D)Economic profit − implicit costs = accounting profits.

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Definitions:

Political Discussion

The exchange of ideas, perspectives, and arguments regarding governmental policies, political ideologies, and the management of public resources and rights.

Publisher Bias

The tendency of publishers, both in print and online media, to select and present information and narratives according to certain biases or preferences, influencing public perception.

Self-improvement Books

Publications aimed at improving personal skills, happiness, productivity, or other aspects of individual growth and development.