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The central nervous system consists of both the brain and the spinal cord.
Dormitories
Residential facilities provided by educational institutions for students to live in.
Implicit Costs
The opportunity costs that arise from using resources that could have been employed in an alternative use but were instead utilized in the current operation without direct payment.
Explicit Costs
Direct, out-of-pocket payments for goods and services used in the production of a product or provision of a service.
Accounting Profit
The difference between total monetary revenue and total monetary costs, excluding the consideration of opportunity costs.
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