Examlex
Build a medical term that means "reconstruction of a nerve."
Average Total Cost
The total cost of production divided by the number of goods produced, indicating the per unit cost of production.
Marginal Cost
The cost of producing one additional unit of a good or service.
Marginal Cost Curve
A graphical representation showing how the cost of producing one additional unit of a good changes as the production level varies.
Total Variable Costs
The total of all costs that vary with the level of output, including costs for raw materials, labor, and energy, in the production process.
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