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Elevation affects the distribution of terrestrial biomes through its effect on
Economic Profit
A measure of profit that includes recognition of implicit costs (like the cost of equity capital). Economic profit measures the true profitability of decisions.
Savings Account
A deposit account held at a bank or financial institution that pays interest but typically has limited withdrawal options.
Annual Interest
The amount of interest due per year as a percentage of the amount lent, deposited, or borrowed.
Economic Profit
The difference between total revenue and total costs, including both explicit and implicit costs.
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