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Discuss and evaluate the three theories that explain why women in North America are still not on an equal footing with men when it comes to the top political positions.
Average Total Cost Curve
A graphical representation of the total cost (fixed plus variable) per unit of output produced, plotted against different levels of output.
Short-Run
A period in which at least one factor of production is fixed, and firms can only partially adjust their output levels.
Long-Run Minimum Cost
The lowest cost at which a firm can produce any given level of output in the long run, when all inputs can be varied.
Average Total Cost Curve
A graph that shows the cost per unit of output at different levels of production, illustrating how average total cost changes with changes in output.
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