Examlex
All of the following are required resources for differentiation except:
Economic Profit
The split between a firm's entire proceeds and its total disbursements, embracing both acknowledged and veiled costs.
Normal Profit
The minimum profit necessary for a company to remain competitive in the market, equating to the opportunity cost of the resources employed.
Normal Profit
The minimum level of profit necessary for a company to remain competitive in the market, often considered the break-even point.
Marginal Cost
Marginal cost is the increase in total cost that arises from producing one more unit of a good or service. It is a critical concept in economics for decision-making regarding production levels.
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