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.

Analyze the factors affecting investment levels and capacity utilization.

Recognize the components and fluctuation patterns of gross private investment.

Understand the concepts related to the stock market and corporate ownership.

Comprehend key economic concepts and theories related to investment and savings.

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Definitions:

Annoyed

The feeling of being irritated or bothered by something or someone, often leading to discomfort or frustration.

Habits

Basically, routine behaviors that are performed regularly and often automatically.

Social Allergy Effect

A phenomenon where repeated exposure to certain behaviors or habits of others leads to an increasingly negative and irritated reaction over time.

Irritated

Feeling annoyance or discomfort, often due to a specific cause or situation.