Examlex
What is line "C" pointing to?
Average Costs
The total costs of production divided by the quantity of output produced, representing the cost per unit of output.
Output
The quantity of goods or services produced by a firm or industry within a certain period.
Declines
Decreases in the value, amount, or quality of something.
Zero Slope
A horizontal line on a graph, indicating that there is no change in the y-value (vertical) regardless of the change in the x-value (horizontal); it represents a constant function.
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