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A conditions of admission agreement (COA or C of A) :
ATC Curve
The Average Total Cost curve, a graph that represents the cost per unit of output when all costs (variable and fixed) are considered.
Break-Even Point
The production level at which total revenues equal total expenses, resulting in neither a profit nor a loss.
AVC
Average Variable Cost, the total variable cost divided by the quantity of output produced, representing the variable cost of producing each unit.
Shutdown Point
The level of operation at which a company does not generate enough revenue to cover its variable costs, leading to a decision to cease operations temporarily.
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