Examlex
Distinguish between grid computing, cloud computing, and utility computing.
MC
Marginal Cost, the cost of producing one additional unit of a product or service.
ATC
Average Total Cost; the total cost of production divided by the number of units produced, representing the per-unit production cost.
Average Fixed Costs
Costs that do not vary with the level of output and are averaged over the total number of units produced.
Marginal Costs
The expense associated with manufacturing an extra unit of a product or service.
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