Examlex
Which of the following is NOT a responsibility of the European System of Central Banks:
Economic Profit
The difference between total revenue and total costs, including both explicit and opportunity costs, indicating true profitability.
Explicit Costs
Direct payments made to others in the course of running a business, such as wage, rent, and materials.
Production Costs
The total expense incurred in manufacturing a product or providing a service, including raw materials, labor, and overhead costs.
Accounting Profit
The total revenue of a business minus its explicit costs, not including opportunity costs.
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