On a Bar Graph Comparing a Firm's Economic Profit with Its

question 283

Multiple Choice

On a bar graph comparing a firm's economic profit with its accounting profit, it will always be true that

• A) explicit costs will be greater in the column representing accounting profit.
• B) explicit costs will be greater in the column representing economic profit.
• C) total revenue will be greater in the column depicting accounting profit.
• D) opportunity costs will be missing from the column depicting accounting profit.

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Definitions:

Extension Lines

Thin lines in technical drawing that extend from a dimension line to the feature being measured or noted.

Dimension Lines

Lines on a technical drawing that represent the measurement of an object’s length, width, or height.

Leaders

Lines in technical drawings that connect annotations or notes to specific features, usually with an arrowhead pointing to the feature of interest.

Curved Feature

A design element in a drawing or physical object that incorporates one or more curves, rather than straight lines exclusively.