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Match the following The total cost of acquiring or doing something A. Positive Externallty w An opportunity cost theit does not require an outlay of
Match the following The total cost of acquiring or doing something A. Positive Externallty w An opportunity cost theit does not require an outlay of money 0. Dead Weight Loss C. Marginal Utility = A good's ability to provide less satisfaction with each successive unit consumed D. Explicit Cost = Amount of satisfaction derived from the additional consumption of a good C. Sunk Cost F. Accounting Prof An amount of an Item purchased that cannot be fully recovered G. Diminished Marginal Utility = A costs spill over to an outside party who is not Involved with producing or using the good H.Externallty = A benefit from the consumption or production of a product that spills over to those who are I. Economic Profit not paying for it J. Implicit Cost Total revenue minus both expllol and Implloli costs w Total revenue minus explloli costs A results from a market distortion such as a tax
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