Examlex
A trace element is one found in specific organisms in ____ quantities and is ____ for normal biological functions.
Average Total Cost
The cost per unit of output, calculated by dividing the total cost of production by the total number of units produced.
Marginal Revenue
The added revenue procured by vending an additional unit of a good or service.
Business
An organized effort by individuals to produce and sell goods and services for profit.
Average Total Cost
The total cost of production (fixed and variable costs combined) divided by the total quantity produced.
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