Examlex
If the cell in the last row and the last column in a table on a slide is selected, what happens if you press TAB?
Positive Profits
The financial gain that occurs when total revenue exceeds total costs.
Long Run
A period in which all factors of production and costs are variable, allowing full adjustment to any change in market conditions.
Economic Profit
The difference between total revenues earned from production and the total opportunity costs of all inputs used in production.
Long Run
A period of time in economics during which all factors of production and costs are variable, allowing for full industry adjustment to changes in market conditions.
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