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Capital
Financial assets or the financial value of assets, such as funds held in deposit accounts as well as the physical factors of production.
Expansion Path
A curve that shows how the input combinations of a firm change as it increases output, keeping the input ratios constant.
Least-Cost Combination
A production point where the mix of inputs results in the lowest possible cost for a given output level.
Input Prices
The prices of the resources (like labor, materials, and capital) used in the production of goods or services.
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