Examlex
An inmate is able to escape from a local prison because a security guard left a gate open.The jail owes the same duty of care to a local farmer who is assaulted by the inmate minutes later as it does to a gas station owner who operates 750 kilometres away and is robbed three months later.
Average Variable Cost
The total variable costs of production divided by the quantity of output produced, representing the variable cost per unit of output.
Average Total Cost
The sum of all production costs divided by the quantity of output produced, essentially indicating the per-unit cost of production.
Marginal Cost
Marginal cost is the additional cost incurred by producing one more unit of a good or service, important for decision-making on production levels.
Acute Cholecystitis
A sudden inflammation of the gallbladder, often caused by gallstones blocking the ducts.
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