Examlex
TCP/IP is the protocol used for transferring data over the Internet.
Cookies
Small files stored on a user's computer or device by a website, containing data about the user's browsing activities.
Marginal Cost
The cost associated with producing an additional unit of output, emphasizing the concept of incremental expense in production processes.
Average Cost
The total cost of production divided by the number of units produced, also called unit cost.
Fixed Cost
Costs that do not change with the level of output produced, such as rent, salaries, or loan payments.
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