Examlex
What does it mean to say that something intrinsically bad for a person? What does it mean to say that something is extrinsically bad for a person? How did Epicurus use hedonism, along with his view about what happens to a person at the time of death, to argue that death is not bad in any way for the one who dies? What is the deprivation account? How do philosophers who accept the deprivation account use it to object to Epicurus' reasoning?
Per-Unit Profit
The difference between the selling price of a product and its cost of production on a per-item basis, indicating the profit generated from selling one unit of product.
AVC
Average variable cost refers to the division of the total variable expenses by the quantity of goods produced.
ATC
Average Total Cost, which refers to the total cost per unit of output, including both fixed and variable costs.
MC
In economics, MC stands for Marginal Cost, which is the cost of producing one additional unit of a good or service.
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