Examlex
What is the chief factor that determines a person's susceptibility to obesity?
Marginal Revenue
The increased earnings obtained by selling an additional unit of a good or service.
Average Fixed Cost
Unchanging production costs relative to output levels, per unit of output produced.
Average Variable Cost
The total variable cost divided by the quantity of output, representing the variable cost per unit of output.
Average Total Cost
The average total cost (ATC) is an economic concept that calculates the total cost of producing a good or service divided by the quantity of output produced. It is used to determine the per-unit cost of production.
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