Briefly Describe the Four Possible Expansion Patterns of the Universe

question 95

Essay

Briefly describe the four possible expansion patterns of the universe.

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Definitions:

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen.

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs.

Economic Profit

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

Accounting Profit

The difference between a company's total revenue and its explicit costs.