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Your server room has ample floor space. Which of the following are you most likely to choose as a result?
Economies of Scale
Cost advantages that a business can achieve by increasing the scale of production, leading to a lower cost per unit of output.
Economic Profit
The difference between a firm’s total revenue and its total costs, including both explicit and implicit costs.
Opportunity Cost
The cost of forgoing the next best alternative when making a decision or choice.
Monetary Payments
Transactions involving the transfer of money in exchange for goods or services.
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