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To benefit from exercise, you need to exercise
ATC
Average Total Cost, which is the total cost of production (including both fixed and variable costs) divided by the number of units produced.
AVC
stands for Average Variable Cost, which is the total variable cost divided by the quantity of output produced.
MC
Marginal Cost, the increase in total cost that arises from producing one additional unit of a good or service.
AVC
Average Variable Cost, the variable cost per unit of output.
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