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Many Times People Will Know They Have a Problem (They

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Many times people will know they have a problem (they noticed they have symptoms) but will not go to a doctor.This can make the problem difficult to treat and is called a(n) ______.


Definitions:

Average Cost

The total cost of production divided by the quantity of output produced, also known as the cost per unit.

Marginal Cost

The escalation in aggregate cost that comes from generating one more unit of a product or service.

Fixed Cost

Costs that do not change with the amount of goods or services produced by a business.

Variable Cost

Costs that vary directly with the level of production or volume of output.

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