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If the occupations below were listed in order of social class, which would come third?
Earrings
Jewelery pieces worn on the ear, typically fastened through a hole pierced in the earlobe or another external part of the ear.
Average Total Cost
The total cost of production divided by the quantity of output produced, representing the cost per unit.
Total Cost
The sum of all expenses incurred in the production of a good or service, including both fixed and variable costs.
Marginal Cost
The expense associated with manufacturing an extra unit of a product.
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