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How does your text explain the fact that the pain threshold is lower among women than among men? Is this a bottom-up or a top-down account?
Implicit Costs
The opportunity costs of utilizing resources owned by the firm that could have been employed for other purposes.
Explicit Costs
Direct, out-of-pocket payments for resources employed in the production of goods or services, easily identified and measured.
Capital Intensive
A description of industries or businesses that require large amounts of capital investment compared to labor.
Alternative Technologies
Various methods or means of producing goods or services that differ from current practices, often to improve efficiency or sustainability.
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