Examlex
Phosphorus has the molecular formula P4 and sulfur has the molecular formula S8. How many grams of phosphorus contain the same number of molecules as 6.41 g of sulfur?
Economic Profits
The difference between a firm's total revenue and its total costs, including both explicit and implicit costs, indicating the extra income earned over what could have been earned in the next best alternative.
Accounting Profits
The sales revenues minus the expenses of a firm over a designated time period, usually one year. Accounting profits typically make allowances for changes in the firm’s inventories and depreciation of its assets. No allowance is made, however, for the opportunity cost of the equity capital of the firm’s owners, or other implicit costs.
Zero
Zero is a numerical value representing the absence of any quantity or magnitude; it plays a central role in mathematics and economics.
Corporate Form
A legal structure for a business, recognized by law as separate from its owners, with its own rights, privileges, and liabilities.
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