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Which of the following statements regarding the heart is NOT true?
Economic Profit
The difference between total revenue and total costs, including both explicit and implicit costs, representing additional gain over and above normative expectations.
ATC
Average Total Cost, which is calculated by dividing the total cost by the quantity of output produced.
Economic Profit
The surplus or profit remaining after deducting both explicit and implicit costs, including opportunity costs, from total revenues.
Interest Rate
The percentage charged on a loan or paid on deposits over a specific period of time, often annually.
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