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    Exam 11: Production and Cost Analysis I
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    Implicit and Explicit Revenues Minus Implicit and Explicit Costs Equals
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Implicit and Explicit Revenues Minus Implicit and Explicit Costs Equals

Question 117

Question 117

Multiple Choice

Implicit and explicit revenues minus implicit and explicit costs equals:


A) accounting profit.
B) economic profit.
C) zero profit.
D) implicit profit.

Correct Answer:

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