Which of the Following Statements Is True

question 57

Multiple Choice

Which of the following statements is true?

• A) Economic profit equals accounting profit plus implicit costs.
• B) The short run is any period of time in which there is at least one fixed input.
• C) A fixed input is any resource for which the quantity can change during the period under consideration.
• D) In the long run there are no implicit costs.

Recognize the importance of sourcing information legally and ethically for projects.

Understand the significance and application of green computing practices.

Appreciate how technology facilitates collaboration and communication in both educational and professional settings.

Identify careers related to the application of technology in criminal justice.

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Definitions:

Mutual Funds

Investment programs funded by shareholders that trade in diversified holdings and are professionally managed.

Borrowed Funds

Money that has been obtained through loans or credit, typically subject to repayment with interest.

Budget Deficit

A financial situation where a government's expenditures exceed its revenues, leading to a net amount of money that needs to be borrowed.

Loanable Funds

A term used in economics to describe the market where borrowers find funds from savers, impacting interest rates.