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On a Bar Graph Comparing a Firm's Economic Profit with Its

Question 19

Multiple Choice

On a bar graph comparing a firm's economic profit with its accounting profit, it will always be TRUE that


A) explicit costs will be greater in the column representing accounting profit.
B) explicit costs will be greater in the column representing economic profit.
C) total revenue will be greater in the column depicting accounting profit.
D) opportunity costs will be missing from the column depicting accounting profit.

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