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Business, 27.06.2020 19:01 ehaynie

ANSWER QUICK PLEASE 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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ANSWER QUICK PLEASE Match the definition to the proper term.

a. clear payments to the f...
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