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Affirmative action requires that an employer take positive steps to guarantee promotion from within.
Average Product
The output produced per unit of input, calculated by dividing total product by the number of units of input, often used to measure productivity.
Total Cost
The entire financial burden of producing a specific quantity of a good or service, including both fixed and variable costs.
Marginal Cost
The rise in overall expenses associated with producing an additional unit.
Total Revenue
Total revenue is the total amount of money generated by a business from the sale of its goods or services before any costs or expenses are subtracted.
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