Examlex
Discuss how social networks and cloud computing increase IT security risks.How do you recommend that the risks be reduced?
ATC
Average Total Cost, which is the total cost per unit of output produced, calculated by dividing the total cost by the quantity of output.
Marginal Cost
Marginal cost refers to the additional total cost incurred from the production of an extra unit of a good or service.
Average Cost
The total cost divided by the quantity produced, reflecting the per-unit cost of production.
Competitive Firm
A company that operates in a market where it has to price its goods or services according to market conditions due to the presence of many competitors.
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