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How was elite status gendered masculine and feminine in the classical civilizations?
Physical Capital
Physical capital encompasses the machinery, equipment, and infrastructure a business uses to produce goods or services, distinct from financial capital or human skills.
Average Total Cost
The total cost of production divided by the number of goods produced, accounting for both fixed and variable costs.
Output
The total amount of goods or services produced by a firm, industry, or economy within a specific period.
Fixed Cost
A cost that does not change with the level of output or production, such as rent or salaries.
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