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Describe the Russian ruble collapse through August of 1998.
MC (Marginal Cost)
The additional cost resulting from the production of one more unit of a product or service.
ATC (Average Total Cost)
The total cost of production divided by the quantity of output produced, representing the per-unit cost of production.
MR (Marginal Revenue)
The increment in revenue that results from the sale of one additional unit of a product or service.
Peak Efficiency
The highest level of performance or effectiveness that a process, machine, or organization can achieve.
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