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Researchers have found that infants may have an innate ability to respond to faces.These researchers suggest that an interest in human faces may have developed because it helps newborns focus on their only source of food and care.These researchers are most likely following a(n) ____ approach.
Total Fixed Cost
The sum of all costs that do not change with output level, including rent, salaries, and insurance.
Short Run
A period in economic analysis during which at least one input, such as plant size or capital, is fixed, limiting the ability to adjust to demand changes.
Long Run
A period in which all factors of production and costs are variable, allowing for full adjustment to changes in the economic environment.
Specialization
The process of focusing effort and resources on a limited number of activities, goods, or services to gain a comparative advantage in production.
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