SAT, 18.03.2021 02:20 tamaliablanchard
Which of the following is a true statement?
1. The calculation of economic profit includes explicit and implicit costs of production.
II. Accounting profit is usually greater than economic profit.
III. Economic profit is usually greater than accounting profit.
IV. The calculation of accounting profit includes total revenue.
O A. I and II only
OB. I, II and IV only
O C. I and IV only
D. II and III only
of 8 Answered
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Which of the following is a true statement?
1. The calculation of economic profit includes explicit...
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