Examlex
The MDC (major diagnostic category) has 25 mutually exclusive categories with no more than 10 diagnosis-related groups in each category.
Marginal Cost Curve
A graphical representation showing how the cost of producing one additional unit of a good changes as production volume changes.
Average Variable Cost
The total variable costs of production divided by the number of units produced, measuring the cost per unit that varies with output level.
Marginal Costs
The increase in total cost that arises from an extra unit of production.
Average Variable Costs
The total variable costs (costs that change with output level) divided by the quantity of output produced.
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