Examlex
Brain development during the second year of life:
Profit
The financial gain obtained when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.
Sales Revenue
The total amount of money generated from the sale of goods or services before any costs or expenses are deducted.
Opportunity Cost
The expense incurred by not choosing the second-best option available during decision-making.
Producer Surplus
Is the difference between the amount producers are willing to accept for a product or service and the actual amount they receive.
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