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After a stroke,Jarmaine began having periodic trouble with his hearing,then he began experiencing visual problems,and sometimes even numbness in different parts of his body.Most recently,he smells his wife's cooking and anticipates the flavor of his favorite foods; but,alas,the food often does not have any taste.Which part of his brain is malfunctioning?
Demand For Labor
The total amount of workers that employers want to hire at a given wage rate and time period.
Opportunity Cost
The loss of potential gain from other alternatives when one option is chosen.
Accounting Profits
The difference between total revenue and explicit costs of a business, calculated using principles of accounting.
Economic Profits
The surplus left after total costs (including both explicit and implicit costs) are subtracted from total revenues.
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