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What are two resources that may be useful in disassembling a laptop computer?
Accounting Profit
The difference between total monetary revenue and total monetary costs, excluding the consideration of opportunity costs.
Explicit Costs
These are the direct, clear expenses related to business operations, such as salaries, utilities, and rent, that are easily quantifiable.
Accounting Profit
The difference between the total revenue and explicit costs of a firm, not accounting for implicit costs.
Economic Profit
The variance between a company's overall incomes and its combined explicit and implicit expenses.
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