Which of the Following Expressions Is Correct

question 54

Multiple Choice

Which of the following expressions is correct?

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

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Definitions:

Social Environment

The immediate physical and social setting in which people live or in which something happens or develops.

Suicide

The deliberate act of causing one's own demise.

Durkheim

A founding figure in the field of sociology, known for his work on social cohesion, social norms, and the functions of institutions in society.

Social Control Agents

Those who regulate and administer the response to deviance, such as the police or mental health workers.