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Semantics is
Input Bundle
A combination of resources or inputs used in the production of goods and services.
Unit Costs
The cost incurred by a company to produce, store, and sell one unit of a particular product or service.
Price Ratio
The relative price of one good or service compared to another, often used in economic analysis.
Cost Function
An equation that calculates the total cost of producing goods or services as a function of the quantity of output produced.
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