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    Principles of Microeconomics
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    Exam 14: Firms in Competitive Markets
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    As a General Rule,when Accountants Calculate Profit They Account for Explicit
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As a General Rule,when Accountants Calculate Profit They Account for Explicit

Question 43

Question 43

Multiple Choice

As a general rule,when accountants calculate profit they account for explicit costs.What do they usually ignore


A) certain outlays of money by the firm
B) implicit costs
C) operating costs
D) fixed costs

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