One assumption of the perfectly competitive model is free entry and exit. this assumption most directly leads to the implication that positive economic profit is only possible in the short run.
Profit is the difference between the return an economic agent earns from its output and the opportunity cost of its input. It equals total revenue minus total costs (including explicit and implicit costs).
Economic profit or loss is the difference between the revenue from the sale of output and the cost and opportunity cost of all inputs used. Opportunity cost and explicit cost are subtracted from earned revenue when calculating economic profit.
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Answer:
Special districts are not school districts.
School districts exist to provide one service --- public education. Special districts provide a variety of public services, excluding education. In addition, school districts get most of their money from the state, whereas special districts rely primarily on local revenues.
Explanation:
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Answer:
This is an incomplete question, the options are missing.
Explanation:
Ethics can be defined as the moral principle which governs the conducting of an activity or it defines an individual's character or morality.
It is derived from the Greek word "ethos" which means "moral character".
There are nine core principles in ethics. They are :
- Respecting Autonomy
- Do No Harm
- Being Just
- Benefiting Others
- According Dignity
- Being Truthful
- Treating Others with Care and Compassion
- Accepting Responsibility
- Pursuit of Excellence
