Which of the Following Is Not an Assumption Under KMT

question 5

Multiple Choice

Which of the following is not an assumption under KMT?

• A)Gas particles have no attraction for one another.
• B)During a collision,energy is lost by the gas particles and later is regained.
• C)Gases at the same temperature have the same average kinetic energy.
• D)Gas particles move in straight lines in all directions.

---

Definitions:

Economic Profits

Profits calculated by subtracting both explicit and implicit costs from total revenues; also known as supernormal profits.

Implicit Costs

Costs that represent the opportunity costs of using resources owned by the firm for its own production rather than selling those resources.

Economic Profit

The difference between total revenue and the total cost of inputs (including opportunity costs), reflecting the additional gain from business operations beyond breaking even.

Economic Loss

The decrease in financial value or resources due to an event, action, or inaction, encompassing factors such as direct, indirect, and opportunity costs.