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Data from Ben Corporation's most recent balance sheet and income statement appear below: Required:
Compute the average sale period for this year:
Positive Economic Profits
Earnings that exceed the total costs, including both the explicit and implicit costs of a business.
Expand
To increase the scale, scope, or size of something, often used in the context of business growth or economic expansion.
Increasing-cost Industry
An industry in which production costs increase as output expands, often due to scarce resources or rising input prices.
Long-run Equilibrium
The condition in which all factors of production can be adjusted, leading to a situation where no firm in the industry wishes to change its output.
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