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You decide to quit your $60,000-per-year job as an information technology specialist and illustrate children's books.At the end of the first year of illustrating,you have earned $20,000.You also spent $5,000 for paint and paper.Your economic profit in the first year as an illustrator is:
Eyewitness Recollections
Memories of an event as reported by individuals who have directly witnessed the event.
Underestimate
To judge something to be smaller or less important than it actually is.
Overestimate
To assess something as more significant or numerous than it actually is, often due to overvaluation or miscalculation.
Distributed Practice
A learning strategy where practice is broken up into a number of short sessions over a longer period of time.
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