Examlex
What would a person have if a biochemical imbalance were the cause of that person's depression?
Average Cost Curve
A graphical representation showing how the average cost per unit of output varies with the level of output.
Marginal Cost Curve
A graphical representation showing how the marginal cost changes with changes in production volume.
Average Variable Cost Curve
A graphical representation showing how the average variable cost (AVC) of production changes with the level of output.
Marginal Cost
The cost added by producing one extra item of a product, essentially the change in total cost that arises when the quantity produced changes by one unit.
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