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What Are a Joint Cost and a Splitoff Point

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What are a joint cost and a splitoff point?


Definitions:

Birthrates

The number of live births per thousand people in a population per year.

Death Rates

The number of deaths in a particular population, scaled to the size of that population, per unit of time.

Per Capita

A statistical measure that divides a total figure by the number of people in a population, used to give an average per person.

Water Consumption

The total volume of water used by individuals, communities, industries, or agriculture over a specified period.

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