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Prices of farm products are
Total Costs
Total costs are the sum of all expenses incurred in the production of goods or services, encompassing both fixed and variable costs.
Total Variable Costs
The sum of expenses that vary directly with the level of production or output, including costs like materials and labor.
Total Fixed Costs
The sum of all costs that remain constant regardless of the level of output or production volume.
Total Costs
The overall expenditure involved in producing goods or offering services, comprising both stable and changeable costs.
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