Examlex
is the Russian word for "workers council."
Average-Fixed-Cost Curve
A graphical representation that shows the fixed costs of production per unit of output declining as the quantity of output increases.
Marginal-Cost Curve
A graphical representation that shows the cost of producing one more unit of a good.
Average-Total-Cost Curve
A graphical representation showing how the average total cost of production changes as the quantity of output is altered.
GPA
Grade Point Average, a measure of a student's academic achievement at a college or university, calculated as a numerical average of grades.
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