Examlex
Normal body temperature is ________________.
Increasing Returns
An increase in firm’s output by a larger percentage than the percentage increase in its inputs.
MC
Marginal Cost, the change in total production cost that comes from making or producing one additional unit.
ATC
Average Total Cost, which is the total cost divided by the number of goods produced, representing the per-unit production cost.
AVC
Average Variable Cost; the total variable cost divided by the quantity of output produced, indicative of variable costs per unit of output.
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