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Ellen is a successful consultant.Part of the reason she has done so well is that she can accurately adapt to her clients' interpersonal styles.When others ask her secret,she says she relies on intuition.The part of the brain responsible for gut feelings is the
Total Costs
The sum of all costs incurred by a business in producing a particular quantity of a good or service, including both fixed and variable costs.
Economic Cost
The total cost of choosing one action over another, including both explicit costs and opportunity costs.
Opportunity Cost
The cost of forgoing the next best alternative when making a decision.
Accounting Profit
The total revenue of a business minus the explicit costs and depreciation, calculated using standard accounting practices.
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