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The two vectors (3 m) − (7 m)
and (2 m)
+ (3 m)
− (2 m)
define a plane (it is the plane of the triangle with both tails at one vertex and each head at one of the other vertices) .Which of the following vectors is perpendicular to the plane?
Opportunity Costs
The cost of forgoing the next best alternative when making a decision.
Explicit Costs
Direct, out-of-pocket payments for goods or services used in the production of a product or service.
Production Costs
The total expenses incurred in the process of producing or manufacturing goods and services, including materials, labor, and overhead.
Opportunity Costs
Opportunity costs represent the benefits a person or business misses out on when choosing one alternative over another.
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