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Which muscle inserts on the greater trochanter?
Shut-down Price
The price level at which a business's revenue just covers its variable costs, below which it will cease operations.
Average Variable Cost
The average cost of variable inputs (like labor and materials) per unit of output produced.
Minimum
The lowest point on a nonlinear curve, where the slope changes from negative to positive.
Economic Profit
The difference between the total revenue received by a business and the total implicit and explicit costs of a business.
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