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You have applied for your dream job in Vancouver.The company has decided to hire you,but first you must come in to complete some paperwork,and to meet with the company doctor to complete a physical exam.You are young and healthy and eager to begin your new job.However,once the tests are complete,they call to say they cannot hire you because your blood work indicates you are predisposed to develop a disabling disorder.You speak to a lawyer who tells you that:
Minimized Cost
The lowest possible expense at which a company can produce a product without sacrificing the quality or quantity of the product.
Profit or Loss
The financial result of business operations, calculated as the difference between revenue and expenses, indicating the financial health of the business.
Excess Capacity
A situation where a firm is operating below its maximum output level, indicating that the company can produce more goods with the existing resources if there is higher demand.
Marginal Cost
The rise in overall expenses incurred from the production of an additional single unit of a product or service.
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