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A common reason for selling a small business is
Labor Hours
The total amount of time workers spend working in a given period, typically measured in hours per day, week, or year.
Isoquant
An isoquant is a curve that represents all the combinations of inputs that produce the same level of output in production theory.
Production Function
A mathematical representation that describes the relationship between inputs and outputs in the production process.
Output
The total amount of goods or services produced by a company or an economy.
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