Examlex
List,in order,the techniques involved in the substages of sensorimotor development between the ages of 1 and 12 months.
Variable Costs
Costs that vary directly with the level of production or sales volume, such as raw materials and labor expenses.
Total Fixed Costs
Costs that do not vary with the level of output or sales, such as rent, salaries, and insurance premiums.
Total Costs
sum up all the costs incurred by a business in the production of goods or services, including both fixed and variable costs.
Economic Profits
The profit a firm makes after deducting both its explicit and implicit costs, reflecting the total opportunity costs of all resources used.
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