Examlex
Microsoft Office 365 subscription plans offer all the same applications that are available in the Microsoft Office Professional 2013 suite in addition to multiple sammunication and sallaboration tools.
Average Variable Cost
The total variable costs (costs that change with production levels) divided by the quantity of output produced, representing the per-unit variable cost.
Total Cost
The sum of all costs incurred by a firm in producing a certain level of output, including both fixed and variable costs.
Variable Cost
Costs that are directly correlated with the quantity of production or output generated.
ATC Curve
The Average Total Cost curve, a graph that shows the cost per unit of output at different levels of production, typically U-shaped due to economies and diseconomies of scale.
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