Multiple Choice
A certain firm manufactures and sells computer chips.Suppose that last year it sold 4 million chips at a price of $10 per chip.Which of the following terminology correctly accounts for the $40 million to this firm
A) Its accounting profit amounted to $40 million.
B) Its economic profit amounted to $40 million.
C) Its total revenue amounted to $40 million.
D) Its explicit costs amounted to $40 million.
Correct Answer:
Verified
Correct Answer:
Verified
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