Which of the Following Is True

question 209

Multiple Choice

Which of the following is true?

• A)A firm's accounting profit is equal to its economic profit.
• B)Opportunity costs are the same as explicit costs.
• C)A firm's net income is the same as its accounting profit.
• D)If a firm's accounting profits are positive,its economic profits must also be positive.

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Definitions:

Decision Group

A collection of individuals who come together to make choices or solve problems, often within an organizational context.

Idea Generation

The creative process or activities involved in the conception of new ideas, solutions, or innovations, often a key phase in problem-solving and development projects.

Idea Evaluation

The process of assessing the viability, impact, and practicality of ideas, often within a business or creative context.

Common Interests

are shared concerns, goals, or hobbies that bring individuals or groups together.