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The labels insanity and lunacy were common names for:
Total Cost
The total amount of all costs associated with the creation of goods or services, encompassing both constant and changing expenses.
Total Cost Curve
A graphical representation showing how total costs change with changes in the level of output produced.
Isoquants
Curves that represent combinations of various inputs which yield the same level of output.
Isocost Lines
Graphical representations in economic theory that showcase all possible combinations of inputs that can be purchased for a given total cost.
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