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Of the following, which methods are used by researchers to determine if the neonate is attending to a given stimuli?
Economic Profit
The difference between total revenue and the total costs of production, including opportunity costs not just explicit costs.
Long Run Equilibrium
A state in which all factors of production and costs are variable, and firms no longer have an incentive to enter or exit an industry, leading to a stable market condition.
Firm
A business organization that sells goods or services in order to make a profit.
Producer Surplus
The difference between what producers are willing to receive for a good or service and the actual amount they receive, due to the market price being higher.
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