Examlex
Which of the following is a difference between a stop and an arrest?
Resources
Assets or inputs used to produce goods and services.
Economic Profit
The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, indicating the financial gain in excess of opportunity costs.
Accounting Profit
The total revenue of a firm less its explicit costs; the profit (or net income) that appears on accounting statements and that is reported to the government for tax purposes.
Diseconomies of Scale
A situation in which a company or business grows so large that the costs per unit increase, leading to decreased efficiency.
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