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review2 - Economic Profit versus Accounting Profit How an...

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Economic Profit versus Accounting Profit Revenue Total opportunity costs How an Economist Views a Firm Explicit costs Economic profit Implicit costs Explicit costs Accounting profit How an Accountant Views a Firm Revenue
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0 Production Function and Marginal Product of Labor 0
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0 Production Function and Total Cost 0
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Price  Quantity 0 ATC MC Q* Short–run ATC and MC
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Market Quantity (market)
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