Examlex
Provide three benefits of the microbiome inside of our bodies.Explain their significance.
Economic Profit
The total revenue from operations minus both the explicit and implicit costs; it's a measure of profitability factoring opportunity costs.
Accounting Profit
The net income a company reports on its financial statements, calculated as total revenues minus explicit costs of doing business.
Marginal Cost
The additional cost incurred by producing one more unit of a good or service.
Marginal Benefit
The additional benefit derived from producing one more unit of a good or service.
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