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The hydrolysis of starch to sugars is an example of an anabolic reaction.
Implicit Costs
The opportunity costs that arise when a company uses internal resources without a direct payment.
Explicit Costs
Direct payment made to others in the course of running a business, such as wages, rent, and materials.
Accounting Profits
The net income of a company determined by subtracting total expenses from total revenues, according to generally accepted accounting principles.
Economic Profits
The difference between a firm's total revenue and its total costs, including both explicit and implicit costs, representing profit beyond the normal rate of return.
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