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Worldwide,
Marginal Cost
The rise in overall expenses associated with the production of an extra unit of a product.
Earthquake Detectors
Devices or systems designed to detect and provide early warnings of seismic activity, potentially saving lives and reducing damage.
Production Function
An equation that specifies the output of a firm, an industry, or an entire economy for all combinations of inputs.
Total Cost
The complete cost of production, combining both fixed and variable costs.
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