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A firm that is able to use its inputs more efficiently as it increases production in the long run BEST demonstrates:
Frequently Occurring
Refers to events or values that appear or happen often within a given dataset or timeframe.
Mode
A measure of location, defined as the value that occurs with greatest frequency.
Measure of Variability
Statistical indicators that describe the spread or dispersion within a data set, such as range, variance, or standard deviation.
Range
A measure of variability, defined to be the largest value minus the smallest value.
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