WebRevenue Implicit costs Total opportunity costs Revenue Explicit costs 如果农民琼斯没有在她的土地上播种，他就得不 到收成。如果她种一袋种子，他得到3蒲式耳小 麦。如果他种2袋种子，他得到5蒲式耳小麦。如 果他种3袋种子，他得到6蒲式耳小麦。 WebAn economic profit =total revenue -explicit costs-implicit costs so the difference is an economic profit.-----Q1B) option d total cost minus total variable cost divided by output. Average fixed cost =fixed cost/quantity fixed cost =total cost -total variable cost so AVC=(TC-TVC)/Q

Explicit & Implicit Revenue in Economics Bizfluent

WebEconomic profit is defined as: a. price minus the sum of average fixed and marginal cost b. total revenue minus total implicit cost c. total revenue minus the average total cost d. total revenue minus the sum of implicit and explicit costs WebStudy with Quizlet and memorize flashcards containing terms like Accounting profit is equal to total revenue minus a. implicit costs. b. variable costs. c. the sum of implicit and … rugged macbook air cover

35 economic profit is equal to a total revenue minus - Course Hero

WebMar 28, 2024 · Economic profit is the revenue a company generates minus all the costs of doing business, both explicit and any opportunity costs. This is important, ... That lost … WebView full document. See Page 1. 35) Economic profit is equal to A. total revenue minus total fixed cost. B. total revenue minus the cost of raw materials C. total revenue minus the … Webexplicit costs are also known as. implicit costs. the opportunity costs of using owned resources; costs for which no monetary payment is explicit made. accounting profit. total … scariest gmod horror maps