Suppose That a Local Floral Shop Has Explicit Costs of $200

question 56

Multiple Choice

Suppose that a local floral shop has explicit costs of $200 000 per year and implicit costs of $50 000 per year.If the store earned an economic profit of $50 000 last year,the store's accounting profit equalled:

• A) $10 000.
• B) $50 000.
• C) $100 000.
• D) $200 000.

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Definitions:

Hegemonic Masculinities

A practice that legitimizes men's dominant position in society and justifies the subordination of women, and other marginalized ways of being a man.

Triracial Hypothesis

A sociological theory that suggests the presence of three primary racial groups within a society, impacting social stratification and identity.

Racial Stratification

The division of society into hierarchical levels based on racial classification, leading to unequal access to resources, power, and opportunities among different racial groups.

Racialization Process

Describes the socio-political and economic processes by which racial categories are created, inhabited, transformed, and destroyed.