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Optimal arousal theory states that too much stimulation will motivate us to find ways to decrease the stimulation.
Short-Run Marginal Cost
The cost incurred by producing one additional unit of a product or service in the short run, where some factors are fixed.
Government Regulations
Laws and rules established by governmental agencies to control or modify economic behavior, protect consumers, or preserve natural resources.
Resource Prices
The cost of inputs used in the production of goods or services, such as raw materials, labor, and energy.
Sunk Costs
Costs that have already been incurred as a result of past decisions. They are sometimes referred to as historical costs.
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