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Who is the author of Utopia?
ATC
Average Total Cost; the total cost of production (fixed and variable costs combined) divided by the number of units produced.
Price Charged
The amount of money a buyer has to pay to acquire a product or service from a seller.
Marginal Revenue
The revenue that a company gains by selling an additional unit of a product, indicating the income effect of increasing output by one unit.
Marginal Cost
The additional financial burden of creating another unit of a product or service.
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