____________ is the difference between total revenue and the sum of explicit and implicit costs. 

Consider the following information about a business, Erika’s, that opened last year: price = $10, quantity sold = 10; implicit cost = $10; explicit cost = $10. What was Erika’s accounting total cost (TC)  last year?

______________ is equal to the price of a good multiplied by the quantity of the good sold (i.e., P x Q)  

_________  is an artificial means of removing the body’s waste products.

  Average Fixed Cost (AFC): Total fixed cost (TFC) divided by quantity of output  Average Variable Cost (AVC): Total variable cost (TVC) divided by quantity of output Average Total Cost (ATC): Total cost (TC) divided by quantity of output MC indicates marginal cost.  Based on the above plots, (1)_____________ continuously declines as the quantity of output rises, because (2)____________ is constant. 

Which statement best describes the manager’s main role in socialization of a new nurse?

New intravenous pumps are being introduced in a health care organization. How can educators best implement social learning theory into the necessary education and training?

Production is a transformation of resources or inputs into goods and services. Economists talk about two types of inputs in the production process—fixed and variable. A (1)__________ input is an input whose quantity can be changed as output changes.  while a (2)________ input is an input whose quantity cannot be changed as output changes,

Consider the following information about a business, Erika’s, that opened last year: price = $10, quantity sold = 10; implicit cost = $10; explicit cost = $10. What was Erika’s accounting profit last year?

In Economics, The (1)_____run is the period of time during which all inputs are variable. The  (2)_____run is the period of time during which at least one input is fixed.