Examlex
_____ is a process for driving traffic to a Web site by using techniques that improve the site's ranking in search results.
AVC
The variable cost for each unit of production, known as Average Variable Cost.
AFC
Stands for Average Fixed Cost, which is the fixed costs divided by the quantity of output produced, illustrating how fixed costs spread over units decrease as quantity increases.
MR
An abbreviation for Marginal Revenue, which refers to the additional revenue earned by selling one more unit of a good or service.
MC
Stands for Marginal Cost, which is the increase in total cost that arises from producing one additional unit of a good or service.
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