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If the indifference curves between two goods are L-shaped, the goods are
Unearned Revenue
Income received by a company for goods or services yet to be provided or delivered; it is recorded as a liability on the balance sheet until the service or product is delivered.
Net Income
The total profit or loss of a company after all expenses, taxes, and costs have been subtracted from total revenue.
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Costs incurred in the process of earning revenue, typically including things like rent, salaries, and utilities.
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Prepaid advertising refers to the costs paid in advance for advertising services or spaces that will be used over time, recognized as an asset until the advertising takes place.
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