Examlex
The definition "'Lamp' means that and that and that" (as you point to a number of lamps) is an example of:
Total Variable Cost
the overall cost that varies directly with the level of production or output.
TC
Typically refers to "Total Cost," which is the complete cost of production including both fixed and variable costs.
Average Fixed Costs
The fixed costs of production (such as rent and salaries) divided by the quantity of output produced.
Average Total Costs
The overall expense of creating goods divided by the number of items produced.
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