In the Short Run, Total Costs Equal

question 59

Multiple Choice

In the short run, total costs equal

• A) the sum of total fixed costs and total variable costs.
• B) the sum of total fixed costs and total explicit costs.
• C) the sum of total variable costs and total implicit costs.
• D) the sum of total fixed costs and total implicit costs.

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Definitions:

Internal Publics

Internal Publics are groups within an organization, such as employees or management, that play a role in internal communications and the achievement of the organization's objectives.

Nonprofit

An organization that operates for purposes other than making a profit, often focusing on social, educational, or charitable objectives.

Volunteers

Individuals who offer their time and skills without the expectation of monetary compensation to support various causes or organizations.

Demographic Variables

Characteristics of populations, such as age, race, gender, income, and education, used in research and marketing to segment and analyze populations.