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What Term Describes When a Firm Is Using the Least-Cost

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What term describes when a firm is using the least-cost production process?


Definitions:

Select Record

The action or process of highlighting or choosing a specific piece of data or record from a collection for further operations.

Make-Table Query

A query in database systems that creates a new table from the results of a selection query.

Action Query

A type of query in databases that performs an action on the data, such as insert, update, or delete operations.

Select Query

A database query that retrieves data based on specific criteria from one or more tables.

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