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Sophia prefers to stick to her routine. She always eats oatmeal for breakfast and is always in bed by 10. Sophia is low in what
Maximizing Profits
The goal of businesses to make the highest possible profit, often by increasing revenue, reducing costs, or both.
MP
No standard definition available; it could refer to "Marginal Product" in economics, which is the extra output generated by adding one more unit of input.
Economic Profits
The extra income a business makes after accounting for all explicit and implicit costs, representing a return above the normal profit level.
Labor
The human effort, either physical or mental, that is used in the production of goods and services.
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