____________________ Is the Process of Estimating How Much Harm a Hazard

question 17

Short Answer

____________________ is the process of estimating how much harm a hazard can cause to human health or the environment.

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Definitions:

Marginal Cost Curve

A graphical representation showing how the cost to produce one additional unit of a good changes with different production levels.

Average Total Cost (ATC)

The average expense per unit of output, calculated by dividing the overall production cost by the amount of output generated.

Average Total Cost Curve

A graphical representation showing the average total cost of producing different quantities of a good or service.