Examlex
To avoid overfitting in the neural network model, the parameter estimates that are used minimize the least squares criterion.
MR
An abbreviation for Marginal Revenue, which is the additional income from selling one more unit of a good or service.
Long-Run Equilibrium
A situation in a market where supply equals demand, and all factors of production - including labor and capital - are fully utilized, leading to stable prices.
ATC
Average Total Cost, which represents the total cost per unit of output produced, calculated by dividing the total cost by the quantity produced.
Break-Even Point
The level of production or sales at which total revenues are equal to total costs, resulting in no net loss or gain.
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