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:

Behavior Modification

A process in which specific behaviors are identified, defined, measured, and changed using interventions based on principles of applied behavior analysis.

Negative Reactions

Adverse responses or feedback to a particular stimulus, action, or event, often characterized by resistance or opposition.

Societal Value

The importance or worth of something within society, often reflecting cultural norms, beliefs, and priorities.

Applied Behavior Analysis

A therapy based on the science of learning and behavior, used to improve or change specific behaviors.