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Sam has always felt a strong sense of empathy for others, then in his teens he helplessly watched as his mother died of cancer. While sitting at her deathbed, he made a vow to do whatever he could to ease the suffering of his fellow human beings. According to McAdams's research, Sam's life story is typical of:
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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