Examlex
Describe the potential impact of global warming in the development of hurricanes.Explain why the nature of such impacts is still a matter of debate.
ATC
Average Total Cost, which is the total cost divided by the quantity of output produced, representing the per unit cost of production.
Diminishing Returns
A rule which posits that when investment in a specific sector grows, the profit rate from that investment will not continue to rise past a certain threshold if all other factors are kept unchanged.
AVC
Average Variable Cost is the total variable cost per unit of output.
ATC
Average Total Cost; the per-unit cost of production, calculated by dividing the total cost by the quantity of output produced.
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