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List three interpersonal and language barriers that inhibit communication. Explain each.
Gasoline Prices
The cost per unit of gasoline, influenced by factors like crude oil prices, taxes, and demand.
Shift
In economics, a movement or change in the position of a supply or demand curve in response to external factors.
MC, AVC, ATC Curves
Graphical representations in economics of the marginal cost, average variable cost, and average total cost, respectively, which firms use for production and pricing decisions.
Economies of Scale
Cost advantages that businesses obtain due to the scale of operation, with cost per unit of output generally decreasing with increasing scale.
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