Examlex
Recent court cases include drug-addicted employees who claim their addiction is an illness and, therefore, they are protected from wrongful discharge under the American with Disabilities Act.
Marginal Cost
The cost of producing one additional unit of a good or service, often considered in decision-making about production levels.
Marginal Revenue
The additional income earned from selling one more unit of a good or service; it's a crucial concept for decision-making in businesses.
Economic Profit
The total revenue of a business minus its explicit and implicit costs, representing the surplus remaining after accounting for all costs, including opportunity costs.
Accounting Profit
The net income of a company after subtracting all costs and expenses from total revenues, as shown in the financial statements.
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