Examlex
Translate the percent sentence to a percent proportion.
What percent of 61 is 13?
Cost of Production
The total expenditure incurred in manufacturing a product or providing a service, including raw materials, labor, and overhead costs.
Cobb-Douglas
A form of production function used in economic modeling, characterized by its representation of the relationship between two or more inputs and the resulting output.
Minimize Costs
The process of finding ways to decrease expenses and reduce the amount it costs to produce a good or offer a service.
Units of Labor
Quantitative measures representing the workforce or the effort exerted by workers in the production of goods and services.
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