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__________ believed we are all born with biologically-based sex drives. These drives must be channeled through socially approved outlets, he believed; otherwise, the individual will experience conflict within himself or herself, with the family, or with society at large.
AVC
Average Variable Cost represents the variable costs (like materials and labor) associated with producing each unit of output.
ATC
Average Total Cost, the total cost of production divided by the quantity of output produced, encompassing both fixed and variable costs.
MC
Short for Marginal Cost, it refers to the change in total cost that arises when the quantity produced is incremented by one unit.
MR
Marginal Revenue, the additional income that is gained from selling one more unit of a good or service.
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