Examlex
Asian merchants never agreed to the use of Portuguese as the official language of commerce.
Minimum Average Total Cost
The lowest point on the average total cost curve, representing the most efficient scale of production for minimizing costs per unit.
Average Total Cost
The total cost of production divided by the quantity of output produced, indicating the cost per unit of output.
Average Variable Cost
The total variable cost divided by the number of units produced, reflecting the variable cost of producing each unit.
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