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MyCLU X Bb Homewo > Bl Take Test X Bb Take Test. X Bb Continue X BE Continue X Bb Begin: H X MyCLU x B Students x Bb My Instit X (158) Wh x bblearn.callutheran.edu/webapps/assessment/take/launch.jsp?course_assessment_id=_66135_1&course_id=_57085_1&content_id=_2300344_1&step=null M Gmail YouTube 9 Maps in stock edge M Inbox - spuppala@... MyCLU Home Live NSE Option Ch... * NIFTY50 C Home | Chegg.com Homeworkify. Net >... Wordtune | Your pe.. * Question Completion Status: An explicit cost is: O omitted when accounting profits are calculated. a money payment made for resources not owned by the firm itself. an implicit cost to the resource owner who receives that payment. always in excess of a resource's opportunity cost. QUESTION 2 0.5 points Saved Economic profits are calculated by subtracting: explicit and implicit costs from total revenue. implicit costs from normal profits. implicit costs from total revenue. explicit costs from total revenue. QUESTION 3 0.5 points Save Answer The basic characteristic of the short run is that: the firm does not have sufficient time to cut its rate of output to zero. the firm does not have sufficient time to change the size of its plant. a firm does not have sufficient time to change the amounts of any of the resources it employs. Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit ENG 19 C