Figure 1.2
Using the figure above, identify the labeled part.
-Label O: ______________________________
Definitions:
Economic Profit
The surplus remaining after deducting both the explicit and implicit costs from total revenues, representing the financial gain that exceeds the total cost of resources used.
Information Technology
The use of computers, storage, networking, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.
Economic Profit
The difference between total revenue and total costs, including both explicit and implicit costs, measuring the financial performance beyond the opportunity cost.
Commercial Real Estate
Property that is used solely for business purposes, which may be leased out to provide a workspace rather than a living space.