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What is the Flynn effect? Discuss and describe the four environmental influences that may have led to this effect.
Marginal Cost
The increase in total cost that arises from producing one additional unit of a good or service.
Drone
A remotely operated or autonomous flying machine, known as an unmanned aerial vehicle (UAV), which follows flight paths programmed through software.
Average Fixed Costs
The fixed costs of production (costs that do not change with the level of output) divided by the number of units produced.
Drones
Unmanned aerial vehicles or aircraft systems operated by remote control or onboard computers.
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