The Following Figure Shows the Cost and Revenue Structures of a Firm

Multiple Choice

The following figure shows the cost and revenue structures of a firm. MC represents the marginal cost curve, AC represents the average cost curve, AR represents the average revenue curve, and MR represents the marginal revenue curve. P* is the equilibrium price and Q* is the equilibrium output.Figure 9.5

-A firm's accounting profit does not include its:

A) explicit costs.
B) sunk costs.
C) fixed costs.
D) opportunity costs.
E) variable costs.