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Choose the item below that describes the process of creating an image with the lowest file size that still renders a good quality image.
Input Prices
The costs associated with the raw materials, labor, and other resources required for the production of goods or services.
Economic Profit
The difference between total revenue and the total opportunity costs (both explicit and implicit) of all resources involved in the production of goods or services.
Fixed Costs
Costs that do not change with the level of output or production, such as rent, salaries, and loan payments.
Operate
To control the functioning of a machine, process, or system.
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