Examlex
What is Quick Analysis in Excel 2013?
Marginal Cost
The change in total production cost that comes from making or producing one additional unit.
Shut Down
A short-term decision by a firm to cease operations and production when the market price is below its variable costs, to minimize losses.
Economic Loss
A situation where total costs exceed total revenues, leading to a negative economic profit.
AVC
Average Variable Cost, an economic metric reflecting the variable costs (such as labor and materials) per unit of output.
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