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A CAD drafter's time limit for a specific job is 505 hours. The drafter recorded the following number of hours she worked each day on her time sheet: 36 hr., 37 hr., 40 hr., 42 hr., 52 hr., 48 hr., 37 hr., and 42 hr. How many more hours does she have left to finish the job?
Fixed Cost
Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.
Certification
The process of officially recognizing someone as having met certain standards, often related to education, skills, or competencies.
Long Run
A time frame where all production elements and expenses can change, providing businesses the flexibility to adapt to market fluctuations.
Short Run
A period in which at least one input in the production process is fixed, limiting the ability to adjust the production level.
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