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The Pregnancy Discrimination Act of 1978 requires employers to provide preferential treatment to pregnant women.
Implicit Costs
The opportunity costs of using resources owned by the firm for its operations instead of renting, selling, or utilizing them in other ways.
Implicit Costs
The opportunity costs of using resources that a firm already owns, typically non-out-of-pocket costs.
Explicit Costs
Direct, out-of-pocket payments for goods or services used in production, such as wages or rent.
Accounting Profit
The financial gain calculated by subtracting total explicit costs from total revenue, not considering implicit costs.
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