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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Explicit attitudes are <span>consciously controlled attitudes regarding someone or something.
According to the dual attitude system, each of us can possess two distinct attitudes about the same person or situation. One of these attitudes is called implicit attitudes- these are our automatic, internal and unconscious attitudes or beliefs. The second type of attitudes that we consciously control </span>is called explicit attitudes.
Well if your adding it, it would be 7.419 had to fix it
During the 13th century, the Mongols launched a series of devastating military raids on eastern Europe, especially in what is present-day Russia. This shaped the self-defense mentality of the region for centuries to come.
Probably when they're aging or Young Adults