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While some personality characteristics are associated with success in different types of jobs, which personality trait is most frequently associated with job performance in all jobs?
Explicit Costs
Direct, out-of-pocket expenses paid by firms for inputs to production, such as wages, rent, and materials, as opposed to implicit costs which are not directly paid out in cash.
Implicit Costs
The opportunity costs that are not directly paid for or incurred during the production of a good or service.
Average Total Cost
The complete expenditure of manufacturing (incorporating steady and fluctuating expenses) divided by the aggregate volume of goods produced.
Output
The total quantity of goods or services produced by a company, sector, or economy within a given period.
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