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write the definition of the following terms related to production function and production cost. short-run and long-run periods of production fixed input, variable inputs, average

write the definition of the following terms related to production function and production cost.

  1. short-run and long-run periods of production
  2. fixed input, variable inputs, average fixed cost, average variable cost, total fixed cost, total variable cost, total cost, and marginal cost
  3. profit, total revenue, marginal revenue, break even quantity and contribution margin

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