Examlex
How did the spread of food production increase instability in subsistence?
Average Total Cost
The total cost of production divided by the quantity of output produced, representing the per unit cost of production.
Marginal Cost
The enhancement in overall pricing due to the generation of an extra unit of a good or service.
Cost Curves
Graphical representations used in economics to show the total cost of producing different quantities of output, helping businesses determine optimal production levels.
Average Fixed
Assuming it's intended as "Average Fixed Costs," it is the fixed costs divided by the quantity of output, representing the cost per unit that does not change with the level of production.
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