Question: The difference between accounting profit and economic profit is: a) explicit costs. b) implicit costs. c) total revenue. d) marginal product. Explicit Cost and Implicit Cost: Explicit costs are costs that are being recorded by a...
Supply and Demand Looking again at the price-quantity graph, we can see the relationship between aggregate supply and demand. If aggregate demand increases from AD1 to AD2, this will not change aggregate supply in the short run. Instead, it will cause a change in the quantity supplied, repre...
To get an idea of whether there’s enough income at the very top of the income distribution to make a serious dent in the US’s long-run budget problems (note that I firmly believe that the US does not need to worry about its budget deficit in the short run — we have much more p...
Credit unions can be ideal for a low-interest loan, lower mortgage closing costs, or reduced fees, but you'll need to qualify for membership. Larger banks may offer you more choices regarding products, apps, and international or commercial products and services; and anyone can join. Smaller c...
Each image displayed a combination of nine human physical characteristics and two sets of clothing (Fig. 1a, b). The eleven overlays depicted people with: long hair, short hair, wide hips, narrow hips, breasts, a flat chest, body hair, penis, vulva, unisex t-shirt, or unisex pants. ...
Answer to: The difference between total revenue and the total cost is: a. economic profit. b. nominal revenue. c. average revenue. d. marginal...
*Additionally, Jubei can input 9 while performing any run to hop only a short distance off the ground, allowing easy instant overhead pressure with his j.A and pressure from jumping attacks. *Jubei has a 'quick dash' command dash that can be activated by back stepping then hitting forward...
However, some fixed-term leases may be as short as 3 months or as long as 14 months. Once you’ve signed the lease, you’re committed to the lease for that time. The landlord also cannot end your lease, unless legally allowed. You’ll also have a harder time breaking the lease. ...
Here are a few things to keep in mind as you learn more about the distinctions between bullish and bearish markets, and how each can affect your investment strategy: How do bullish and bearish markets work? How long do bullish and bearish markets last?
What’s the Difference Between Contract Rates and Spot Rates? No shipper runs all of their freight at committed rates — instead, businesses use a strategic blend of contract and spot. Spot rates are short-term, transactional freight pricing that reflect the real-time balance ofsupply and demand...