Examlex
Which of the following is NOT an important factor in human language capabilities?
Average Total Cost
The overall expense of manufacturing divided by the quantity of products made, indicating the expense for each unit of production.
Profit-maximizing
The process of adjusting production and pricing strategies to achieve the highest possible profit from the sale of goods and services.
Short Run
A time period in economics during which at least one input is fixed and cannot be changed.
Economic Profit
The difference between total revenue and both explicit and implicit costs; the profit that exceeds the opportunity cost of resources.
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