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Firm A owns produces both toothpaste and toothbrushes.In order to increase profits the firm must
Average Variable Costs
The total variable costs divided by the quantity of output produced, representing the variable costs per unit of output.
Cars
Motor vehicles designed primarily for passenger transportation.
Long-Run Marginal Cost Curve
An economic graph showing the change in total cost that comes from producing one additional item when input prices are variable and all inputs are considered.
Price of Labor
The price of labor refers to the wage rate paid to workers for their labor services in the market.
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