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What does the gate-control theory explain?
Costs Of Production
Costs of production refer to the total expenses incurred in the manufacturing of a product, including raw materials, labor, and overhead.
Marginal Revenue
The additional income received from selling one more unit of a product or service.
Marginal Cost
The expenditure required to create another single unit of a good or service.
Output
The overall quantity of products or services generated by a business, sector, or the economic system.
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