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The Burdell Company makes tee shirts on an assembly line that works 5 days per week and uses 5 workers.Over the past 4 weeks,the line has produced 16,000 shirts.The line's productivity for the 4-week period is:
Subsidy
A financial contribution granted by a government or other organization to support an economic activity, reduce the price of a commodity or service, or for other purpose deemed beneficial.
Cost Schedule
A detailed listing of all costs associated with a project or production process, often segmented by types or periods.
Patent
A legal document granted by the government giving an inventor exclusive rights to make, use, and sell an invention for a certain period of years.
Marginal Cost
The increase or decrease in the total cost of a production run for making one additional unit of an item.
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