Examlex
____ seizures are the most common type of seizures.
Law of Diminishing Returns
The principle that adding more of one factor of production, while keeping others constant, will eventually yield lower per-unit returns.
Economic Profit
The surplus remaining after deducting both explicit and implicit costs from total revenues, emphasizing a firm's financial performance beyond just its accounting profit.
Accounting Profit
Accounting profit is the monetary gain calculated by subtracting total explicit costs from total revenue.
Sunk Cost
A cost that has already been incurred and cannot be recovered, and therefore should not affect current and future business decisions.
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