8. Describe how opportunity costs are related to profits.

1 answer:

8 0

The opportunity cost of any decision is what is given up as a result of that decision. Opportunity cost includes both explicit costs and implicit costs. The firms economic profits are calculated using opportunity costs. Accounting profits are calculated using only explicit costs.

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See full question below

Three hunters are walking single file. Which of the following would be safe?

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C. All three hunters use the trail carry.

D. All three hunters use the shoulder carry.

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brainly.com/question/81175

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