Examlex
What do psychologists call disorders that are found only in particular cultures?
Opportunity Cost
The best alternative that we forgo, or give up, when we make a choice or a decision.
ΔTVC/Δq
ΔTVC/Δq represents the change in Total Variable Cost (TVC) resulting from producing one additional unit of output, equivalent to Marginal Cost.
AVC
AVC, or Average Variable Cost, is the total variable costs divided by the quantity of output produced.
MC
Marginal Cost, the increase in total cost that arises from producing one additional unit of a product or service.
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