Total Revenue Minus Only Explicit Costs Is Called

question 331

Multiple Choice

Total revenue minus only explicit costs is called

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

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Definitions:

Tranquillisers

Medications used to reduce tension or anxiety, often affecting the central nervous system to induce calmness.

Antianxiety Drugs

Medications used to treat anxiety disorders by reducing symptoms of anxiety.

Antipsychotic Drugs

Medications designed to treat symptoms of psychosis, including hallucinations, delusions, and disturbed thoughts, commonly used in schizophrenia and bipolar disorder.

Hallucinations

Perceptions in the absence of external stimuli, such as seeing or hearing things that aren't there.