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Miriam Co.reported sales of $350,000 and total expenses of $280,000;wages payable increased by $12,000;inventory decreased by $25,000;accounts payable decreased by $50,000;and depreciation was $30,000.What was the net cash flow from operating activities?
Output
The total amount of goods or services produced by a company, sector, or economy within a specific time period.
Isoquants
Curves that represent all the combinations of two inputs that produce the same level of output, used in the analysis of production technology.
Production Function
A mathematical representation of the relationship between input factors of production and the output of goods or services.
Marginal Product
The additional output that is produced as a result of using one more unit of a particular input, while keeping other inputs constant.
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