What Is the Difference Between Marginal Cost and Average Variable

question 190

Essay

What is the difference between marginal cost and average variable cost? Why does AVC look so much like ATC? Will MC be the same whether computed from TVC or TC? Explain.

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Definitions:

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Autonomous Culture

A culture that operates independently from the dominant norms and values of mainstream society, often emphasizing alternative lifestyles, beliefs, and modes of expression.

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