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________________________ perspective is the moral perspective that focuses on the rights of the individual.
Variable Costs
Costs that vary directly with the level of output or business activity, such as materials and labor.
Revenues
The total income produced by a company from its activities, before any expenses are subtracted.
Long-run Supply Curve
A graphical representation that shows the relationship between the price of a good and the quantity supplied over a period long enough for producers to adjust all of their inputs.
Short-run Supply Curve
A graphical representation showing the relationship between the price of a good and the quantity supplied over a short period, holding some inputs fixed.
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