Gross revenue minus explicit and implicit costs is equal to
A) net worth. B) accounting profit. C) economic profit. D) opportunity cost.
C
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Which one of the following was the strategy followed by Japanese industrialists after World War II?
A. They sold low-priced goods to the low end of the American market while they rebuilt their industrial base. B. They charged Japanese consumers much lower prices than they charged American consumers, since Americans could afford to pay more for these goods. C. They sold high-priced goods to the high end of the American market, leaving the low end to Korea and Taiwan. D. They received tens of billions of dollars in aid from the U.S. government and have still not paid back a penny.
Open-market operations have their initial effect on bank
A. lending. B. reserves. C. profits. D. revenues.
Fast Food Terminals Taco Casa is considering installing touch screen terminals for patrons to place their food orders. They discovered that installation costs at stores with four screens were $60,000 but were $80,000 at stores with six terminals. What are the marginal costs of installing another terminal at a location?
Rent depends on what the potential users of the land are willing to pay for it.
Answer the following statement true (T) or false (F)