-In the Given Figure,the Items Marked Box a and Box

question 53

Multiple Choice

-In the given figure,the items marked Box A and Box B are the _____ respectively.

• A) ​row cells and column cells
• B) ​header cells and data cells
• C) ​header cells and row cells
• D) ​data cells and column cells

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Definitions:

MC = MR

The principle that profit maximization occurs when a firm's marginal cost (MC) equals its marginal revenue (MR).

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, representing the surplus revenue after accounting for all costs.

Economic Loss

A situation where total costs exceed total revenues, indicating that a firm is not covering its opportunity costs.

Accounting Profit

The calculated income of a business or company after subtracting all explicit costs from total revenues.