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What was the basis of the Chinese social order under the Han dynasty? Describe the lives of the Chinese people during this period, paying particular attention to women's roles.
Explicit Costs
Direct, out-of-pocket payments made by a business for resources and services used in production.
Incremental Cost
The additional cost associated with producing one more unit of a product or service.
Marginal Cost
The increase or decrease in the total cost of a product when the production volume is increased by one unit.
Opportunity Costs
The cost of an alternative that must be forgone to pursue a certain action, representing the benefits that could have been received by taking an alternative action.
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