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Provide a definition of an IGO and an INGO.Discuss the differences in their missions, stakeholders, and programs.Provide real-life examples of these types of organizations.
ATC
Stands for Average Total Cost, which is calculated by dividing the total cost of production by the quantity of output produced, representing the per-unit production cost.
Negative Returns
A financial term referring to a loss or decline in investment, where the amount of revenue or income generated is less than the original amount invested.
Marginal Cost
The increase or decrease in the total cost that arises from producing one additional unit of a product or service.
Fixed Cost
Expenses that do not change with the level of goods or services produced by a business, such as rent, salaries, and insurance.
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