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You have created a custom theme called my_theme within the default package and want to override the native template file /page/lcolumn.phtml. You will need to place the file in the following structure:
Marginal Cost
The financial increment incurred by the production of an extra unit of a product or service.
Average Total Cost
It refers to the total cost per unit of output, calculated by dividing the total cost of production by the number of units produced.
Efficient Mix
An allocation of resources that maximizes the total utility to society, where no individual can be made better off without making someone else worse off.
Potentially Efficient
A state in which resources could be utilized in a way that maximizes the net benefits to society or an economy, although not necessarily currently achieved.
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