The object pointed to by the red line in the figure above,is the ________.
Definitions:
Average Total Cost
The total cost of production divided by the number of goods produced; it includes both fixed and variable costs.
Marginal Revenue
The incremental income produced through the sale of one additional unit of a good or service.
Marginal Cost
The extra cost triggered by the production of an additional unit of a product or service.
Marginal Revenue
The additional income from selling one more unit of a good or service.
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