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Select the Word or Phrase That Best Matches the Definition

question 1

Multiple Choice

Select the word or phrase that best matches the definition or example
-A Chinese philosophy distinguished by an adherence to clear laws with vigorous punishments.


Definitions:

Output

The total amount of goods and services produced by an economy or an individual business over a specific period.

Total Cost

The complete cost of producing a specific quantity of goods or services, including both fixed and variable costs.

Average Cost

This is the total cost of production divided by the number of goods produced, also known as the cost per unit.

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