Examlex
Which of the following is not a function of the stomach?
Input
The resources used in the production process, such as labor, materials, and machinery.
Explicit Costs
These are direct payments made to others in the course of running a business, such as wages, rent, and materials.
Implicit Costs
Costs that represent potential benefits foregone when resources are not utilized in their next-best alternative use.
Economic Profit
The financial gain achieved when revenues from business activity exceed the explicit and implicit costs of that activity.
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