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Regarding types of wholesalers, which of the following has the HIGHEST costs as a percent of sales?
Nonlabor Resources
Inputs used in the production of goods and services that do not involve human labor, such as land, machinery, and materials.
Accounting Profits
The total revenue of a business minus the explicit costs; it is the net income reported on the financial statement.
Economic Profits
The difference between total revenue and total costs, including both explicit and implicit costs.
Salary Offer
The amount of money proposed to be paid to an employee for their services, typically expressed as an annual sum or hourly wage.
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