If a Firm Has Explicit Costs of $100,000 and Implicit

question 15

Multiple Choice

If a firm has explicit costs of $100,000 and implicit costs of $30,000,and generates $150,000 in revenue,then its economic profit is _____

• A)$20,000.
• B)$30,000.
• C)$50,000.
• D)$100,000.
• E)$130,000.

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Definitions:

Excessive Eating

Consuming food in amounts significantly greater than what is required for normal nutrition and energy, often leading to physical and psychological health issues.

Syrupy Liquid

A thick, viscous liquid often sweet in nature, resembling syrup.

Morphine Withdrawal

A series of symptoms that occur when a person stops using morphine after becoming physically dependent on the substance.

Aggressive

Characterized by or resulting from a tendency to attack, confront, or compete with others.