Examlex
In recent years, ______ has been the world's largest international debtor
AVC
Average variable cost refers to the division of the total variable expenses by the quantity of goods produced.
ATC
Average Total Cost, which refers to the total cost per unit of output, including both fixed and variable costs.
MC
In economics, MC stands for Marginal Cost, which is the cost of producing one additional unit of a good or service.
Variable Costs
Costs that change in proportion to the level of goods or services that a business produces.
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