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The main reason the American factory worker can produce more than the Brazilian factory worker is that they
Cost Curve
is a graphical representation of how the cost of producing varies with different levels of output, typically including curves like average cost and marginal cost.
Output
The quantity of goods or services produced by a firm or industry.
Short Run
A period in economics during which at least one factor of production is fixed, constraining the firm's capacity to adjust to changes in demand or supply.
Declines
A decrease in value, amount, or quality over a certain period.
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