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One symptom of sickle cell disease is anemia which causes shortness of breath, among other things. How does sickle cell disease cause shortness of breath?
Variable Input
An input in the production process that can be varied in the short term to adjust output, such as labor or raw materials.
Profit-maximizing
The process or strategy by which a firm determines the price and output level that returns the greatest profit.
Output
The total amount of goods or services produced by a firm, industry, or economy in a given period.
Marginal Wage Cost
The additional cost incurred by hiring an extra unit of labor, essentially the change in total wage cost from hiring one more employee.
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