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Describe the criteria by which qualitative studies can be assessed that generally correspond to the quantitative concerns of validity,generalizability,reliability,and objectivity.How can the qualitative researcher be sure that each of these criteria is met in his or her research project?
Long-Run Average Total Cost Curve
A graphical representation showing the relationship between output and average total cost when fixed cost has been chosen to minimize average total cost for each level of output.
Minimum
The lowest allowable or possible amount, level, or point.
Marginal Cost
The amount needed to generate one more unit of a good or service.
Average Total Cost
The overall expense of manufacturing, when dispersed across the number of products made, encompassing both constant and fluctuating expenses.
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