Which of the following expressions is correct Answer accounting profit economic profit implicit costs accounting profit total revenue implicit costs economic profit accounting profit explicit costs economic profit total revenue implicit costs ...

The right answer is optionA Accounting ...

Which of the following expressions is correct? Answer accounting profit = economic profit + implicit costs accounting

Fantastic news! We've Found the answer you've been seeking!

Question:

Which of the following expressions is correct?

Answer

		accounting profit = economic profit + implicit costs
		accounting profit = total revenue - implicit costs
		economic profit = accounting profit + explicit costs
		economic profit = total revenue - implicit costs

Related Book For answer-question

Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

See More Books

Posted Date: Dec 13, 2022 11:20 AM

See More Questions

Which (if any) of the following expressions are equivalent? (a) Summarize r per r ( ) add count as ct (b) Summarize r add count as ct (c) Summarize r by ( ) add count as ct (d) Extend TABLE-DEE add...
Which of the following expressions are equivalent? (2x 3) 3 - 2x -(3 - 2x) -2x + 3 (3x 2) + x + 1 -(x 1) (x 2)
Which of the following expressions represents numeric characters? a. \s b. \b c. \d d. \D
0 out of 3 points On 30 June 2019, Asahi Ltd has entered into an agreement to lease a beer-making machine to Hite Ltd. The lease agreement details are as follows: . lease term is 5 years estimated...
Mama Leones Frozen Pizzas uses 50,000 units of cheese per year. Each unit costs $2.50. The ordering cost for the cheese is $250 per order, and its carrying cost is $0.50 per unit per year. Calculate...
What kind of information could the CPA examine and evaluate in order to assure stadium vendors that they can reasonably rely on the Spot Card system to conduct business?
Use the Method of Variation of Parameters to determine the general solution for the following problems. a. $y^{\prime \prime}+y=\tan x$. b. $y^{\prime \prime}-4 y^{\prime}+4 y=6 x e^{2 x}$.
The Colonial House Furniture Company manufactures four-drawer oak filing cabinets in six stages. In the first stage, the boards forming the walls of the cabinet are cut; in the second stage, the...
same quesions 2. There are two goods, food and clothing, whose quantities are denoted by x and y and prices by px and py, respectively. There is a consumer whose income is denoted by I and utility by...
Alex Vera organized Succulent Express at the beginning of February 20Y4. During February, Succulent Express entered into the following transactions: a. Terry Mason invested $30,000 in Succulent...
"Scrabble players, rejoice! Exult! Savor! Pick whatever word you have the letters to spell. Today Merriam - Webster announced it has added 3 0 0 new words to the official Scrabble dictionary. Players...
A cast iron water pipe 450 mm in diameter having thickness 18 mm is supported on a span of 7 meters. Determine the maximum bending stress in the material of the pipe when the pipe is running full,...
(Figure 1) illustrates an Atwood's machine. Let the masses of blocks A and B be 9.00 kg and 3.00 kg, respectively, the moment of inertia of the wheel about its axis be 0.220 kg - m, and the radius of...
What role does the media play in the process of social control, especially regarding the construction and reinforcement of societal norms, the dissemination of moral panics, and the shaping of public...
Prompt 1: When developing an integrated marketing plan, what types of research and/or information about your client's target consumer should/can be gathered? How can it be obtained and in what ways...
Gentry Wholesalers accepts from Windsor Stores a $7,450, 4-month, 12% note dated May 31 in settlement of Windsor's overdue account. The maturity date of the note is September 30. What entry does...
12. From the perspective of a portfolio manager, what is the fundamental distinction between a total return mandate and a structured mandate? Under what circumstances is a client likely to choose a...
The unadjusted trial balance of Secretarial Services is as follows: SECRETARIAL SERVICES Unadjusted Trial Balance as at 31 December 2017 Account Debit Credit Cash at bank Office supplies Prepaid...
Why can a decrease in tax rates increase AS as well as AD, whereas an increase in government purchases will increase AD but not AS?
Using the map analogy from the chapter, talk about the importance of abstraction. How do you abstract when taking notes in class?
List, from the largest magnitude to the smallest, the following categories: disposable personal income, gross national product, national income, net national product, personal income.
3. Under Delaware law, a corporation cannot appear in court without a lawyer, but a partnership can. Fox Hollow Ventures, Ltd., was a limited liability company. One of its employees, who was not a...
4. Glenleigh Falls Development Co. was a limited liability company that hired architects John and Marion Zaugg to design a residential golf course. The Zauggs were to receive partial payment for...
6. CPA QUESTION A joint venture is a(n): (a) Association limited to no more than two persons in business for profit (b) Enterprise of numerous co-owners in a nonprofit undertaking (c) Corporate...

Which of the following expressions is correct? Answer accounting profit = economic profit + implicit costs accounting

Question:

Expert Answer:

The right answer is optionA Accounting ... View the full answer

Exploring Economics

Students also viewed these economics questions