Examlex
After determining the purpose of your oral presentation, what is the second key element involved in preparing an oral presentation?
AVC
Average Variable Cost, referring to the variable cost per unit of output.
MC
An abbreviation commonly used for marginal cost, which is the cost added by producing one additional unit of a product or service.
Average Variable Cost
The variable cost per unit of output; the total variable cost divided by the number of units produced.
Economic Profit
The gap between the complete income and all expenses, covering overt and hidden costs.
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