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Some critics of the No Child Left Behind act argued that it was having the unintended consequence of:
Average Total Costs
The total cost of production divided by the number of units produced, reflecting the average cost per unit.
Total Variable Cost
The total of all costs that vary with output level, including materials, labor, and other expenses that increase as production increases.
Implicit Costs
The opportunity costs of using resources owned by the firm for its own use, rather than earning income from these resources elsewhere.
Explicit Costs
Direct, out-of-pocket payments for inputs or resources employed in the production of goods or services.
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