Examlex
According to Freud, at which age does the child renounce the sexual attraction he or she feels toward the parent of the opposite sex because of anxious feelings?
Output
The total quantity of goods or services produced by a firm, sector, or economy within a certain period of time.
Explicit Costs
Payments by a firm to purchase the services of productive resources.
Implicit Costs
The opportunity costs associated with a firm’s use of resources that it owns. These costs do not involve a direct money payment. Examples include wage income and interest forgone by the owner of a firm who also provides labor services and equity capital to the firm.
Total Cost
The complete amount of money required for the production of a specific quantity of goods or services, including both fixed and variable costs.
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