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:

Home Visit

An official or professional call to someone's place of residence to provide services or conduct evaluations.

Intervention Phase

A stage in social work or therapy where strategic actions are taken to assist the client in resolving or managing problems.

Indirect Services

Services provided through intermediaries rather than directly to the end user, often used in social work and healthcare.

Community Resources

Local services and assets available to individuals and families to support well-being and meet personal or collective needs.