Examlex
Match each term to its definition.
-The first part of the cardiac cycle
Accounting Profits
The difference between total revenue and explicit costs, reflecting the net income reported on financial statements.
Economic Profits
Profits exceeding the opportunity costs of all inputs into a business, considered a measure of efficiency and economic performance beyond just accounting profit.
Farmer's Market
A public and recurring assembly of farmers or their representatives selling the food and products they produce directly to consumers.
Implicit Costs
The opportunity costs of using resources that a company already owns, not directly paid for with cash.
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