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The auxiliary equation of is
Law of Diminishing Returns
The principle that adding more of one factor of production, while keeping others constant, will eventually yield lower per-unit returns.
Economic Profit
The surplus remaining after deducting both explicit and implicit costs from total revenues, emphasizing a firm's financial performance beyond just its accounting profit.
Accounting Profit
Accounting profit is the monetary gain calculated by subtracting total explicit costs from total revenue.
Sunk Cost
A cost that has already been incurred and cannot be recovered, and therefore should not affect current and future business decisions.
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Q99: Which is the correct breakdown and translation