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Which of the following is not a characteristic of skeletal muscles?
Implicit Costs
The opportunity costs of using resources owned by the firm for its own production instead of earning income from these resources elsewhere.
Explicit Costs
Direct, out-of-pocket payments made for operations or production, such as wages, rent, and materials.
Average Fixed Cost
The constant expenses associated with production (expenses unaffected by output levels) divided by the volume of production.
Total Fixed Cost
The sum of all costs that do not change with the level of output or activity over a short period, such as rent, salaries, and equipment maintenance costs.
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