Examlex
Most of Mars' water is now locked in a ________ layer below the surface.
MC
MC often stands for Marginal Cost, which is the cost of producing one additional unit of a good.
ATC
Average Total Cost; the total cost of production divided by the quantity of output produced.
AVC
Average Variable Cost, which is the total variable cost divided by the quantity of output produced. It represents the variable cost per unit of output.
MC
Marginal Cost, which refers to the increase in total production cost that arises from producing one additional unit of a good or service.
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