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Vector (cross) product: If = -2
- 6
+ 2
and
= - 2
-2
- 3
, which of the following numbers is closest to the magnitude of
×
?
Accounting Profit
The net income a company reports on its financial statements, calculated as total revenues minus explicit costs of doing business.
Marginal Cost
The additional cost incurred by producing one more unit of a good or service.
Marginal Benefit
The additional benefit derived from producing one more unit of a good or service.
Accounting Profit
The total revenue of a business minus its explicit costs; essentially the net income reported on the financial statements.
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