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Talk about:
-sweatshops and "sweating"
Total Cost
The entire cost of production for a business, including both fixed (unchanging with output) and variable (changing with output) expenses.
Long-Run
A period in economics during which all factors of production and costs are variable, allowing all inputs to be adjusted to change the level of output.
Maximize Profits
The strategy or process aimed at making the highest possible profit from business operations.
Total Cost
The entire cost of production, including both fixed and variable costs.
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