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Which of the following costs normally would be included in the inventory cost?
Alternative Technologies
Different or new technologies that provide an alternative way of solving problems or completing tasks, often with the aim of improving efficiency or environmental sustainability.
Marginal Product
The extra output, or increase in production, that results from adding one more unit of a specific input, while other inputs are kept constant.
Total Product
The total quantity of output produced by a firm over a given period of time.
Average Product
The output per unit of a particular input, calculated by dividing total output by the quantity of inputs.
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