Complete the profit rules

Exercise and reference answers

Missing parts

1. Answer

   explicit

   Choices

   1. explicit
   2. implicit
   3. fixed

2. Answer

   implicit

   Choices

   1. implicit
   2. explicit
   3. variable

3. Answer

   less

   Choices

   1. less
   2. more
   3. nothing

Complete the statement

Out-of-pocket payments are {0} costs; economic profit also subtracts the {1} costs; and each extra unit of an input eventually adds {2}.

Instructions

Tap a word for each blank to complete the rules.

Explanation