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Quadratic
Pertaining to an equation, function, or model that involves the square of a variable, typically expressed in the form ax^2 + bx + c = 0 where a, b, and c are constants.
Long-run Cost Function
A mathematical representation that shows the lowest possible cost of producing different levels of output when all input factors can be varied.
Experience
The knowledge or skill acquired by a period of practical involvement in or exposure to events or activities.
Units Produced
The total quantity of products manufactured or produced by a company or an industry within a specific period.
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