Use the Following Two Columns of Items to Answer the Matching

question 40

Short Answer

Use the following two columns of items to answer the matching questions below:
-maturity
A)disclosure of information including a balance sheet and cash flow statement
B)a contract that specifies the terms of the loan agreed to by the borrower and lender
C)loan that is not backed by collateral
D)life or duration of a loan

• A)disclosure of information including a balance sheet and cash flow statement
• B)a contract that specifies the terms of the loan agreed to by the borrower and lender
• C)loan that is not backed by collateral
• D)life or duration of a loan

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Definitions:

ATC

Average Total Cost; the total cost of production divided by the total output produced.

Economic Profits

The remaining amount after deducting total expenses from the total income, taking into account all direct and indirect costs.

Profit Maximizes

A strategy or objective of businesses to achieve the highest possible profit, where total revenue exceeds total costs by the largest margin.

MR

Short for Marginal Revenue, it represents the additional income earned from selling one more unit of a good or service.