Examlex
When would reading an entire speech be appropriate?
Accounting Profit
The total revenue of a business minus the explicit costs of operating the business.
Implicit Costs
The opportunity costs associated with a company's use of resources that are not directly paid for or billed.
Implicit Cost
The opportunity costs that are not directly paid or incurred but represent the loss of alternative benefits when resources are used in a particular way.
Capital
A resource, such as equipment or buildings, used to produce goods and services.
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