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While virtually every country in Middle/South America is a democracy, many of these governments are not particularly transparent, and democracy is fragile.
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.
Production Function
A mathematical relation that expresses the relationship between inputs used in production and the output produced.
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