Examlex
Name at least three variables that can affect the demand for a product and the market equilibrium.
Average Total Cost (ATC)
The average expense per unit of output, calculated by dividing the overall production cost by the amount of output generated.
Average Total Cost Curve
A graphical representation showing the average total cost of producing different quantities of a good or service.
Per-Unit Cost of Production
The total expense incurred in producing a single unit of a product, including both fixed and variable costs.
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