For Each Pair of Sentences, Select the Letter of the Sentence

question 29

Multiple Choice

For each pair of sentences, select the letter of the sentence with more exact language

• A) Hannah was wearing a cowboy hat, a yellow polka dot dress, and green tights.
• B) Her outfit was interesting.

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Definitions:

Capital Investment

Funds invested in a firm or enterprise for the purpose of furthering its business objectives, including purchasing assets or stocks.

Short-Run

A timeframe in which a company cannot alter at least one of its resources.

Economic Profit

The difference between the total revenue earned by a firm and the total cost of inputs, including both explicit and implicit costs.

Implicit Costs

The opportunity costs of utilizing resources owned by the firm that could have been employed for other purposes.