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:

Marsupials

A group of mammals characterized by giving birth to relatively undeveloped offspring that typically complete their development in an external pouch.

Opossum

is a type of marsupial found in the Americas, known for playing dead as a defense mechanism.

Monotremes

Egg-laying mammals such as the duck-billed platypus of Australia.

Oviparous

Referring to organisms that lay eggs, with embryos developing and hatching outside the mother's body.