Examlex
Leonard Berkowitz (1993) has devoted a career to studying the proximal determinants of violence. His conclusion is that ____________ is the spark of violence.
Economic Profit
The difference between total revenue and total cost, including both explicit and implicit costs.
Investment
The allocation of resources, usually financial, into assets with the expectation of generating income or profit in the future.
Economic Rent
A return on an asset or payment to a factor of production in excess of what's necessary to keep it in its current use.
LAC
Long-run Average Cost, which represents the per unit cost of production when all inputs, including capital, are variable.
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