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A photocopy machine can reduce copies to 90% or 70% of their original size. By copying an already reduced copy, further reductions can be made. Write a formula for the size of the image, N, after the original image of size a has been reduced n times with the copy machine set on 90% reduction.
Average Variable Cost
The variable cost per unit of output, calculated by dividing total variable costs by the quantity of output.
Cost Of Production
The total expense incurred in manufacturing a product or providing a service, including raw materials, labor, and overhead costs.
Labor Hours
The number of hours worked by employees for the production of goods or services.
Machine Hours
A measure of production or work performed, calculated as the number of hours a machine is operated.
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