Examlex
Under the Mongols in China,
Short-Run Supply Curve
A graphical representation showing the quantity of goods that producers are willing and able to sell at different prices, over a short period.
AVC Curve
A graph that shows the average variable costs associated with producing different levels of output, typically demonstrating how costs vary with output volume.
MC Curve
A graphical representation in economics that shows how the cost to produce one additional unit of a good (marginal cost) changes as production increases.
MC
Marginal Cost, the change in total cost that arises when the quantity produced changes by one unit.