Examlex
Carrie looked over her key-phrase outline one more time to make sure that each idea in her outline could stand on its own and had the quality of being separate. This quality is called
Total Costs
The complete sum of all expenses a business incurs to produce its goods or services, including both fixed and variable costs.
Output
The cumulative quantity of products or services generated by a corporation, sector, or nation.
Average Total Cost
The total cost of production (fixed and variable costs combined) divided by the quantity of output produced; represents the per unit cost of production.
Marginal Cost
The price increase caused by the creation of one more unit of a product or service.
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