If a Firm Has Revenues of $100, Explicit Costs of $50

question 105

Multiple Choice

If a firm has revenues of $100, explicit costs of $50, and implicit costs of $50, its economic profit is:

• A) $0.
• B) $50.
• C) $100.
• D) $500.

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Definitions:

High-Carbohydrate Diet

A diet that has a higher proportion of carbohydrates in relation to proteins and fats.

Physical Activity

Any bodily movement produced by skeletal muscles that requires energy expenditure, including activities undertaken while working, playing, carrying out household chores, traveling, and engaging in recreational pursuits.

Binge Drinking

The consumption of an excessive amount of alcohol in a short period, typically leading to acute intoxication.

Health Risk

The probability of experiencing harm or loss because of lifestyle, environmental, or genetic factors.