Which of the Following Expressions Is Correct

question 496

Multiple Choice

Which of the following expressions is correct?

• A)accounting profit = total revenue - explicit costs
• B)economic profit = total revenue - implicit costs
• C)economic profit = total revenue - explicit costs
• D)Both a and b are correct.

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Definitions:

But-1-ene

A linear four-carbon alkene with a double bond between the first and second carbon atoms, with the formula C4H8.

Dehydrogenation

A chemical reaction that involves the removal of hydrogen from a molecule, often making unsaturated bonds.

∆G°

The standard change in Gibbs free energy for a process, indicating whether a reaction is thermodynamically favorable under standard conditions.

∆H°

Standard enthalpy change of a reaction, representing the heat exchanged under standard conditions (1 atm, 298.15 K).