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You have been asked to give a report on the mental hygiene movement and its foremost crusader, Dorothea Dix, who campaigned for more humane treatment of the insane. After mentioning all of her accomplishments, you note the unforeseen consequence of her efforts, namely,
Resources
Assets or inputs used to produce goods and services.
Economic Profit
The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, indicating the financial gain in excess of opportunity costs.
Accounting Profit
The total revenue of a firm less its explicit costs; the profit (or net income) that appears on accounting statements and that is reported to the government for tax purposes.
Diseconomies of Scale
A situation in which a company or business grows so large that the costs per unit increase, leading to decreased efficiency.
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