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What Is the Best Way to Reduce the Environmental Impact

question 32

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What is the best way to reduce the environmental impact of gold mining?


Definitions:

Average Total Costs

The total cost of production (fixed plus variable costs) divided by the quantity of output produced.

Market Price

The present rate at which a service or asset is available for purchase or sale in a specific market.

Marginal Revenue

The revenue increase resulting from the sale of one extra unit of a good or service.

Marginal Cost

Expenses accrued from the creation of one more product or service unit.

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