Examlex
To remove conditional formatting in Excel,click ____________________ after clicking the Conditional Formatting button.
Economic Profit
The difference between total revenue and both explicit and implicit costs; the profit that exceeds the opportunity cost of resources.
Perfectly Competitive Markets
Markets in which no individual buyer or seller has any significant impact on prices and products are perfect substitutes.
Minimum ATC
The lowest point on the Average Total Cost curve, indicating the most efficient scale of production for a firm in the long run.
Economic Profit
Profits earned by a firm or an individual after subtracting both the explicit costs and opportunity costs of resources employed.
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