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An organization has agreed on the software that will be used to virtualize the company's web servers. Which of the following should the administrator reference prior to purchasing physical servers to be deployed as hosts in the new virtual architecture?
Economic Profit
Revenue minus the opportunity cost of resources used; usually less than the accounting profit.
Accounting Profit
Revenue minus explicit cost.
Factors of Production
The resources used in the creation of goods and services, traditionally categorized into land, labor, capital, and entrepreneurship.
Opportunity Cost
The real cost of an item: what you must give up in order to get it.
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