WGU D089 Principles of Economics Questions and Answers with
Verified Solutions | Latest 2026 Update
Q: Accounting Profit
Answer:
= Total Revenue - Explicit Costs
Q: Economic Revenue
Answer:
= Total Revenue - Explicit Costs - Implicit Costs
Q: Total Cost
Answer:
= Total Variable Costs + Total Fixed Costs
Q: Average Fixed Cost
Answer:
= Total Fixed Cost / Quantity
, WGU D089 Principles of Economics Questions and Answers with
Verified Solutions | Latest 2026 Update
Q: Average Variable Cost
Answer:
= Total Variable Cost / Quantity
Q: Average Total Cost
Answer:
= Total Cost / Quantity = (Fixed Cost / Quantity) + (Variable Cost /
Quantity)
Q: Marginal cost
Answer:
= Change in Total Cost / Change in Quantity
Q: Profit
Answer:
= (Price-Average Cost) x Quantity
Verified Solutions | Latest 2026 Update
Q: Accounting Profit
Answer:
= Total Revenue - Explicit Costs
Q: Economic Revenue
Answer:
= Total Revenue - Explicit Costs - Implicit Costs
Q: Total Cost
Answer:
= Total Variable Costs + Total Fixed Costs
Q: Average Fixed Cost
Answer:
= Total Fixed Cost / Quantity
, WGU D089 Principles of Economics Questions and Answers with
Verified Solutions | Latest 2026 Update
Q: Average Variable Cost
Answer:
= Total Variable Cost / Quantity
Q: Average Total Cost
Answer:
= Total Cost / Quantity = (Fixed Cost / Quantity) + (Variable Cost /
Quantity)
Q: Marginal cost
Answer:
= Change in Total Cost / Change in Quantity
Q: Profit
Answer:
= (Price-Average Cost) x Quantity
