Examlex
Suppose that a White individual tells a joke that derogates members of a particular racial or ethnic minority group or calls a racial or ethnic minority by a derogatory name. This person would be exhibiting:
AVC
Average Variable Cost, referring to the variable cost per unit of output.
MC
An abbreviation commonly used for marginal cost, which is the cost added by producing one additional unit of a product or service.
Average Variable Cost
The variable cost per unit of output; the total variable cost divided by the number of units produced.
Economic Profit
The gap between the complete income and all expenses, covering overt and hidden costs.
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