Which of the Following Is the Formula Used for Computing

question 408

Multiple Choice

Which of the following is the formula used for computing an accounting profit?

• A) accounting profits = total revenue - implicit costs
• B) accounting profits = total revenue - (implicit + explicit costs)
• C) accounting profits = total costs - total revenue
• D) accounting profits = total revenue - explicit costs

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Definitions:

Lack of Money

The state of not having sufficient monetary resources, which can affect one’s ability to satisfy basic needs or attain certain goals.

Generalization Gradient

A measure of the degree to which a conditioned response is elicited by stimuli that resemble the original conditioned stimulus.

Color-blind Monkeys

Primates that lack the ability to distinguish certain colors, used in research to understand color vision and perception.

Concurrent Discrimination

A type of discrimination training in which two or more stimuli are presented at the same time, and the correct response depends on distinguishing between these stimuli.