Examlex
The World Wide Web (WWW)is a global collection of computer networks linked together to exchange data and information.
Break-even Point
The point at which total cost and total revenue are equal, meaning there is no profit or loss.
Average Total Cost (ATC)
Total cost divided by output.
Average Variable Cost (AVC)
Variable cost divided by output.
Average Total Cost
The total cost of production divided by the quantity produced, indicating the average cost per unit of output.
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