Examlex
Give the meanings for the following terms or abbreviations related to diabetes mellitus:
-type 1: __________
AVC
Average Variable Cost, the variable cost per unit of output.
MC
Marginal Cost, the increase in cost that arises from producing one additional unit of a good or service.
Fixed Costs
Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance.
AVC
Stands for Average Variable Cost, which is the total variable costs divided by the quantity of output produced.
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