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Psychological and behavioral differences tend to increase during adolescence because of increased social pressures to conform to traditional gender roles. This is
Total Variable Cost
The sum of expenses that vary directly with the level of production or sales volume.
Variable Costs
Costs that change in proportion to the level of activity or volume of production.
Fixed Costs
Costs that do not vary with the level of output or sales, such as rent, salaries, and insurance payments.
Diminishing Marginal Product
Diminishing marginal product occurs when adding an additional factor of production results in a lower increase in output, embodying the principle of decreasing returns.
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