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What are TCP/IP and ftp?
Marginal Output
Refers to the additional output that results from using one more unit of a production input, such as labor or capital, in the production process.
Total Output
The total quantity of goods and services produced in an economy during a given period.
Fixed Cost
Expenses that do not change in total regardless of the level of output or activity, such as rent, salaries, and insurance.
Variable Cost
Expenses that vary directly with the volume of output or business operations.
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