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A patient is to take a medication every 6 hours.The first dose is at 6:30 AM.What time will the patient take the third dose? (international time)______
Output
the total amount of goods or services produced by a company, industry, or economy in a given period.
Average Variable Cost (AVC)
The total variable costs divided by the quantity of output produced, representing the variable cost per unit of output.
Marginal Cost Curve
A graphical representation showing how the cost of producing one more unit of a good changes as the production volume changes.
Average Total Cost (ATC)
The per unit cost of production, calculated by dividing the total cost by the quantity of output produced.
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