Social Studies, 30.01.2020 01:42 kazmiere2005oye9tz
Which of the following terms does the following define? a firm's total revenue from sales of output minus the firm's explicit costs. in other words, it is the total money made from sales of cupcakes minus the cost to make the cupcakes. accounting profit is in most cases the same as the common understanding of profit
a. implicit costs
b. explicit costs
c. economic profit
d. accounting profit
answer is d
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Which of the following terms does the following define? a firm's total revenue from sales of output...
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