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Production
The process of creating goods and services through the combination of labor, materials, and technology.
Optimal Quantity
The quantity of a good or service at which the total cost is minimized and the total revenue is maximized.
Total Benefits
The complete range of advantages or improvements gained from an action or investment, encompassing both direct and indirect benefits.
Total Costs
The aggregate of all financial outlays involved in the creation of goods or services, covering both stable and changeable costs.
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