Micro Unit 3.4 Types of Profit Video Choice
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Last updated 3 months ago
10 questions
1
The total revenue would be...
The total revenue would be...
1
What is the general equation for profit?
What is the general equation for profit?
1
Implicit Cost is essentially opportunity cost.
Implicit Cost is essentially opportunity cost.
1
What is the general equation for Economic Profit?
What is the general equation for Economic Profit?
0
For Dwight, the economic profit would be....
For Dwight, the economic profit would be....
1
The formula for accounting profit is...
The formula for accounting profit is...
1
Implicit costs are essentially the opportunity costs.
Implicit costs are essentially the opportunity costs.
1
The formula for economic profit is...
The formula for economic profit is...
1
What would be the economic profit for the farmer?
What would be the economic profit for the farmer?
0
Assuming implicit cost is greater than 0, then accounting profit will be _________________ economic profit.
Other Answer Choices:
less than
greater than