Examlex
Which is larger in magnitude,the force of gravity of the Earth on the Moon,or the force of gravity of the Moon on the Earth?
Economic Profits
Profits exceeding the opportunity costs of all resources used in production, including the cost of capital.
Marginal Analysis
The examination of the benefits and costs of choosing one more or one less unit of a good or service.
Implicit Costs
The opportunity costs of using resources owned by the firm for its own production instead of selling or renting them to others.
Interest Rate
The price, calculated as a percentage of the amount borrowed, that a lender charges a borrower for the use of their savings for one year.
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