Examlex
Summarize the most important differences between socialist and radical feminism.
Fixed Cost
Expenses that do not change in the short term regardless of the level of production or output.
Average Fixed Cost
The fixed costs of production (costs that don't change with the level of output) divided by the quantity of output produced.
Marginal Product
The additional output resulting from a one-unit increase in the input of a particular productive resource, holding all other inputs constant.
Average-Total-Cost
The cost per unit of output, calculated by dividing the total cost (fixed and variable costs) by the total quantity produced.
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