Examlex
Historically, state police departments were developed to deal with growing crime in nonurban areas of the country, which was attributable to the increasing mobility of Americans, the proliferation of cars, and the ease of travel.
Supply Curve
A graphical representation showing the relationship between the price of a good and the quantity of the good that producers are willing to supply.
Economic Profits
The difference between total revenue and total costs, including both explicit and implicit costs, representing the excess returns over the firm's opportunity costs.
Total Profit
The financial gain obtained when total revenue exceeds total expenses from business operations.
Graph
A diagram representing data visually, using lines, bars, or other symbols.
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