Examlex
The Bohr model predicts that the energy of an atom's electron is _____.It means that the electron can only occupy orbitals of specific energies.
Accounting Profits
The financial gain calculated by subtracting total explicit costs from total revenues, using generally accepted accounting principles.
Economic Profits
Profits calculated by subtracting both explicit and implicit costs from total revenues; also known as supernormal profits.
Implicit Costs
Costs that represent the opportunity costs of using resources owned by the firm for its own production rather than selling those resources.
Economic Profit
The difference between total revenue and the total cost of inputs (including opportunity costs), reflecting the additional gain from business operations beyond breaking even.
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