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The Enlightenment Was Also Known as the Era of Theory

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The Enlightenment was also known as the era of theory.


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Explicit Costs

Direct, out-of-pocket payments for resources employed in the production process.

Opportunity Cost

The cost of an alternative that must be forgone to pursue a certain action, representing the benefits you could have received by taking an alternative action.

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Tax Return

A document filed with state or federal taxing authorities that reports income, expenses, and other pertinent tax information to calculate tax liability.

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