Which of the Following Equations Is CORRECT

question 147

Multiple Choice

Which of the following equations is CORRECT?

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

---

Definitions:

Distribution Strategy

The plan a company uses to ensure its products or services are delivered to the end-users efficiently, including channels, logistics, and market coverage.

Information Infrastructure

The foundational physical and digital facilities and components that provide the backbone for communication and information services.

Easy Access

The feature of being simple to approach, reach, enter, or use by consumers or users.

Product Development Strategy

A plan guiding the creation, design, and marketing of new or improved products to meet customer needs and market demand.