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Savings deposits (checking accounts) pay no interest and can be withdrawn upon demand.
Price of Gasoline
The amount of money required to purchase a unit of gasoline, typically measured per gallon or liter.
Isocost Line
A graph line representing all combinations of inputs that have the same total cost.
Total Cost
The complete cost of production, including both fixed and variable costs, for a set level of output.
Capital
Those goods produced by the economic system that are used as inputs to produce other goods and services in the future.
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