Examlex
Which of the following limitations does NOT apply to the government in civil proceedings to take a person's liberty or property?
Economic Profits
The difference between total revenues and total costs, including both explicit and implicit costs.
Variable Costs
Variable costs are expenses that vary directly with the level of production or output, such as materials and labor.
Fixed Costs
Expenses that remain constant regardless of the level of production or sales volume, such as rent or salaries.
Normal Return
The minimum profit necessary for a company to remain competitive in the market, often covering the cost of capital.
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