Examlex
Match these functions with the correct brain area.
-contains corticospinal tracts, the pyramids, and control centers for breathing, swallowing, and blood pressure
Economic Profits
The profit a company makes after accounting for both the explicit costs of production and the opportunity costs of capital.
Long Run
A period in which all factors of production and costs are variable, typically allowing for full adjustment to changes.
Market Equilibrium
A situation in which the quantity of goods or services supplied is equal to the quantity demanded, leading to no pressure for price to change.
Economic Profits
Profits calculated by subtracting both explicit and implicit costs from total revenue, showing the total return exceeding all opportunity costs.
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