Examlex
Juan has been able to go up stairs raising one foot at a time, but he is just managing how to come down stairs without putting two feet on each step before stepping down. His _____ motor skills are on pace for a _____.
Average Cost
An alternative term for average total cost; the total cost divided by the quantity of output produced.
Deadweight Loss
A reduction in economic effectiveness that happens when a product or service does not reach, or cannot reach, its equilibrium state.
Average Cost
The total cost of production divided by the number of units produced, indicating the cost per unit.
Consumer Surplus
The bifurcation between what a consumer wishes to pay for a service or good, and what ends up being spent.
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