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    Managerial Economics and Business Strategy Study Set 1
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    Exam 1: The Fundamentals of Managerial Economics
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    Accounting Profits Are
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Accounting Profits Are

Question 25

Question 25

Multiple Choice

Accounting profits are:


A) total revenue minus total cost.
B) total cost minus total revenue.
C) marginal revenue minus total cost.
D) total revenue minus marginal cost.

Correct Answer:

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