Examlex
We have a dictionary consisting of 500 words. If we use a binary tree as a spell-checker, how many checks might be required to test whether "tat" is a valid word?
ATC
The total production cost divided by the amount of goods produced is known as Average Total Cost.
TC
The abbreviation often used for "Total Cost," which refers to the overall expenses incurred in the production of goods or services.
Total Fixed
The sum of all costs that do not change with the level of production or business activity, such as rent or salaries.
Total Variable
The total of all costs that vary with the level of output or production.
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