A Firm with Explicit Costs of $3,000,000,no Implicit Costs,and Total

question 86

Multiple Choice

A firm with explicit costs of $3,000,000,no implicit costs,and total revenue of $3,000,000 would have

• A)zero economic profit.
• B)zero accounting profit.
• C)accounting profits equal to economic profits,in this case both zero.
• D)All of the choices are true of this firm.

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Definitions:

Oedipus Conflict

A psychoanalytic theory, proposed by Freud, which suggests a child feels desire for the opposite-sex parent and jealousy and rivalry toward their same-sex parent.

Electra Conflict

A concept in psychoanalytic theory suggesting a girl's psychosexual competition with her mother for possession of her father.

Anally Fixated

Anally fixated, a term derived from Freudian psychology, refers to an individual who is believed to have focused psychosexual development in the anal stage, leading to traits like obsessiveness, stinginess, or orderliness in adulthood.

Genital Stage

In psychoanalytic theory, the final stage of psychosexual development, typically beginning at puberty when sexual urges are once again awakened.