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Describe at least 3 ways that marine mammals are adapted to life in the marine environment.
Accounting Profits
The difference between a company's total revenue and its total expenses, excluding taxes and costs not directly related to its core business operations.
Economic Profits
The difference between total revenue and total costs, including both explicit and implicit costs, measuring the performance of a firm beyond its opportunity costs.
Economic Profit
Economic profit is the difference between a firm's total revenue and its total costs, including both explicit and implicit costs, representing the excess over the firm's opportunity costs.
Implicit Costs
The firm’s opportunity costs of using resources owned or provided by the owner.
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