The total revenue of a film less all its economic costs is called_____________________?
Correct answer: C. All these
- A. Economy Profit
- B. Pure Profit
- C. All these
- D. Above normal Profit
Explanation
Economic profit is total revenue minus all economic costs, including both explicit and implicit costs. It is commonly called pure or above-normal profit in elementary economics, so the intended answer is “All these.”
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
Practise Agricultural Economics and Extension
190 free Agricultural Economics and Extension MCQs from Agriculture, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Agriculture questions like this
Agriculture is on this paper prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for it.
More Agricultural Economics and Extension questions
To charge different prices for the goods of the same standard is called___________________?
The monetary payment a firm must make to an outsider to obtain a resource____________________?
An organization which employs resources to produce a good or service for profit and own and operates one or more plants is called_______________?
An economic system in which property resources are publicly owned and govt uses central economic planning to direct & coordinate economic activities ?
Total consumption deducted from total income is called__________________?
Using part of income/saving for more income is called_________________?