Total Revenue Minus Both Explicit and Implicit Costs Is Called

question 313

Multiple Choice

Total revenue minus both explicit and implicit costs is called

• A)accounting profit.
• B)economic profit.
• C)average total cost.
• D)total cost.

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Definitions:

Socioeconomic Groups

Categories of people sharing similar levels of wealth, income, education, and occupational status in society.

Zoophilia

A condition of having a sexual preference for non-human animals.

Sexual Contact

Physical encounters or activities that involve the touching or interaction of sexual organs or areas.

Sexual Outlets

Various ways through which individuals may express or fulfill their sexual desires and needs, including sexual intercourse, masturbation, and fantasy.