Answer quick
match the definition to the proper term.
a. clear payments to the factors...
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Business, 11.12.2019 00:31 jaystarr603
Answer quick
match the definition to the proper term.
a. clear payments to the factors of production used
b. less-clear costs, such as the opportunity costs of using the firm's own resources without receiving any explicit compensation for those resources
c. a firm's total revenue from sales of output minus firm's explicit costs
d. the total revenue minus explicit and implicit costs
a. a-implicit costs, b-explicit costs, c-economic profit, d-accounting profit
b. a-economic profit, b-accounting profit, c-implicit costs, d-explicit costs
c. a-explicit costs, b-implicit costs, c-accounting profit, d-economic profit
d. a-accounting profit, b-economic profit, c-explicit costs, d-implicit costs
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