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Which ethnic group dominated the former Yugoslavia?
Total Cost
The sum of all costs incurred by a business in the production of goods or services, including fixed and variable costs.
Input
Resources (such as labor, materials, and capital) used in the production process to create goods or services.
Marginal Resource Cost
The additional cost incurred by a firm for using one more unit of input, like labor or raw materials.
Labor
The effort by workers to produce goods or services, typically measured in terms of hours worked or output produced.
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