Examlex
America's Gini coefficient is _____ than that of most _____ nations.
Output
The total amount of goods or services produced by a company, industry, or economy within a certain period.
Variable Cost
Costs that vary directly with the level of production or output, such as materials and labor directly used in the manufacturing process.
Average Cost
Generally refers to the average total cost, representing the per unit total cost of production, including both fixed and variable costs.
Average Total Cost Curve
A graphical representation showing how the average cost of production changes as the quantity of output is altered.
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