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When compared to American students,Asian students appear to have higher levels of academic achievement.Which of the following is NOT one of the proposed reasons for this advantage?
Per-Unit Cost of Production
The average cost incurred in producing one unit of a good or service, including all variable and fixed costs.
Grade-Point Average
A numerical representation of a student's academic performance, averaged across all completed courses.
Economic Profit
is the surplus or gain realized when the total revenues generated by a business exceed the explicit and implicit costs of operation.
Average Total Cost
The sum of all production expenses divided by the amount of products made.
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