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Refer to Scenario 7.2 below to answer the question(s) that follow.
SCENARIO 7.2: You are the owner and only employee of a company that sets odds for sporting events. Last year you earned a total revenue of $100,000. Your costs for rent and supplies were $50,000. To start this business you invested an amount of your own capital that could pay you a return of $20,000 a year.
-Refer to Scenario 7.2. During the year your economic costs were
Capsaicin
A chemical compound found in chili peppers that is responsible for their pungent flavor and spicy heat, also used therapeutically for its pain-relieving properties.
Vestibular System
A complex system located within the inner ear that helps maintain balance and spatial orientation.
Weightlessness
The condition experienced in free-fall, where an object or person is not subjected to perceivable gravitational force.
Naloxone
A medication used to block the effects of opioids, especially in overdose situations.
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