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Explain the significance and implications of various economic theories pertaining to profit

Learning Goal: I’m working on a business writing question and need an explanation and answer to help me learn.Demonstrate how metrics such as valuation, economic profit, and related terms are measured and evaluated.Explain the significance and implications of various economic theories pertaining to profit, consumer choice, demand and supply, forecasting and optimization.1,000-1,200 words, including research in essay format. List references.

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