A Thermally Direct Cell Is One That

question 1

Multiple Choice

A thermally direct cell is one that

• A) is found in both the northern and southern hemispheres.
• B) involves heat.
• C) occurs on both sides of a large lake or ocean.
• D) is driven by energy from the sun.

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Definitions:

Implicit Costs

The opportunity costs of using resources that a firm already owns, rather than the expenses directly paid out.

Explicit Costs

Direct, out-of-pocket expenses incurred by a firm or individual for business operations or activities.

Accounting Profits

The financial gain calculated by subtracting total explicit costs from total revenues, using generally accepted accounting principles.

Economic Profits

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