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Refer to Figure 5.1 for the following questions.
Figure 5.1
-Refer to Figure 5.1. An increase in the supply of loanable funds could result in which of the following combinations of the real interest rate and quantity of loanable funds at a new equilibrium?
AVC
Average Variable Cost; the cost of variable inputs divided by the quantity of output produced.
AFC
Average Fixed Cost, which is the fixed costs of production divided by the quantity of output produced.
MC
Marginal Cost, the change in total cost that arises when the quantity produced is incremented by one unit.
ATC
Average Total Cost refers to the total cost per unit of output, calculated by dividing the total cost of production by the number of units produced.
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