If a Firm Has Revenues of $200, Explicit Costs of $100

question 55

Multiple Choice

If a firm has revenues of $200, explicit costs of $100, and implicit costs of $100, then its economic profit is:

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

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Definitions:

Howard Winant

A notable sociologist recognized for his contributions to the understanding of race and racism in contemporary society.

White Ethnics

White Ethnics refers to white individuals who identify with a specific ethnic group that is not considered the majority or dominant group in a particular society, often highlighting heritage from European countries.

Interracial Marriage

A marriage between partners who belong to different races or racialized ethnicities.

Racial Identification

The process by which individuals associate themselves with a particular racial group, often based on shared cultural, physical, or genetic characteristics.