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Seligman and Peterson identified a list of 24 characters strengths in 6 broad categories of human virtues,calling it the ____ system.
Variable Resources
Inputs used in production that can be adjusted in the short term to meet changes in output levels, such as labor and raw materials.
AVC Curve
Represents the average variable cost of production plotted against the quantity of output, showing how variable costs per unit change with changes in output.
MC Curve
Short for Marginal Cost Curve, it represents the change in total cost that arises when the quantity produced is incremented by one unit.
Marginal Cost
The increase in cost that arises from producing one additional unit of a good or service.
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