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Production Function
An equation, table, or graph that shows the maximum output of goods and services that can be produced with varying inputs under certain technological constraints.
Labor
The human effort, both physical and mental, used in the production process.
Average Cost
The cost per unit, determined by dividing the total production costs by the quantity of units produced.
Copper
A metal element with high thermal and electrical conductivity, often used in electrical wiring and construction materials.
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