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Adam was taking a public speaking class and was angry with his instructor.All of his friends were getting good grades except him,but they all told him that he made the best presentations.The instructor's evaluations of his presentations all stated that his presentations were amusing.Adam asked his instructor why all his classmates,most of whom happen to be females,were getting better grades than he was.Adam thought he was learning to be a better speaker and that the instructor was biased toward females,being one herself.However,Adam did not realize that there were other males as well in the class who were getting good grades.This conflict escalated because of:
Supply Curve
A graphical representation showing the relationship between the price of a good and the quantity of that good supplied by producers, under the assumption of ceteris paribus (all other factors being equal).
Output
The total amount of goods or services produced by a company, industry, or economy within a specified period.
Supply Curve
A graphical representation showing the relationship between the price of a good or service and the quantity supplied for a given period.
Variable Costs
Costs that vary directly with the level of production or service provision, such as materials and labor.
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