Expand the Expression Using the Binomial Theorem $$( g - 2 h ) ^ { 3 }$$

question 84

Essay

Expand the expression using the Binomial Theorem.
- $$( g - 2 h ) ^ { 3 }$$

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Definitions:

Long-Run Equilibrium

is an economic condition where all inputs and outputs in a market are fully adjusted to any changes, leading to a stable state of operations over time.

Profit

The financial gain obtained when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Competitive Return

The earning or return that an investment generates, over and above the risk-free rate, due to its competitive advantage.

Economic Profit

The difference between total revenue and total cost, including both explicit and implicit costs.