Accountants only concern themselves with direct costs which involve things like the cost of materials, rent, and labor for instance. This profit is aptly named "accounting profit".
Economists consider those costs as well, but they also include indirect costs such as opportunity costs of other investments. Recall that opportunity cost is the cost of what you give up if you make a certain decision.
For instance, if a car factory makes 4 door sedans, but it could be making more money with SUVs, then the opportunity cost is high and the economic profit is lower compared to the accounting profit.
Thomas Jefferson had been interested in exploring the west well before the 1803 Louisiana Purchase for France. During the 1780's and 1790's, he championed a few failed attempts at such an exploration. Believing the United States needed to expand west to help ensure its survival and prosperity, he jumped at the chance to buy Louisiana from France's Napoleon Bonaparte.
Some important quotes from the story "The Hero Next Door" are:
- "Each time I hoped to get it exactly right; each time I got it so, so wrong."
- "We were each other’s heroes."
- "They can be very human, our heroes, not perfect"
<h3>What is the central idea of "The Hero Next Door"?</h3>
The book "The Hero Next Door" celebrates regular heroes who make a difference in their communities and challenges each of us to be heroes in our own.
These powerful and varied voices tell brief stories about how heroes come in all shapes and sizes, and how tiny acts of kindness may save the day.
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Answer:
oasis
Explanation:
An oasis is an area made fertile by a source of freshwater in an otherwise dry and arid region.
