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At Company A employees commute an average of 25 miles and the standard deviation is 10 miles. At Company B employees commute an average of 50 miles and the standard deviation is 5 miles. At which company is there more dispersion in commuting distances?
Variable Costs
Expenses that change in proportion to the activity or production level of a business.
Output
The total amount of goods or services produced by a company or economy in a given period.
Production Function
A technological relationship expressing the maximum quantity of a good attainable from different combinations of factor inputs.
Inputs
Resources used in the production process, including labor, capital, materials, and energy.
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