Examlex
What do narcolepsy and REM sleep behavior disorder have in common?
Economic Profit
The surplus remaining after deducting both explicit and implicit costs from total revenues, emphasizing a firm's financial performance beyond just its accounting profit.
Accounting Profit
Accounting profit is the monetary gain calculated by subtracting total explicit costs from total revenue.
Sunk Cost
A cost that has already been incurred and cannot be recovered, and therefore should not affect current and future business decisions.
Nonrefundable Ticket
A type of ticket for which the cost is not returned to the purchaser if they decide to cancel their booking or are unable to use the ticket.
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