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    Foundations of Macroeconomics
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    Exam 14: Production and Cost
  5. Question
    The Difference Between a Firm's Total Revenue and Its Total
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The Difference Between a Firm's Total Revenue and Its Total

Question 200

Question 200

Multiple Choice

The difference between a firm's total revenue and its total cost is its ________ profit.


A) explicit
B) normal
C) economic
D) accounting
E) excess

Correct Answer:

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