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Although functionalism faded away as a theoretical force in psychology,historians credit it with two important contributions to the discipline that includes the development of
Average Total Cost
The total of all costs divided by the number of goods produced, representing the per unit production cost.
Output
The total amount of goods or services produced by an individual, company, or country.
Total Variable Cost
The sum of all costs that vary with output level in the production process.
Marginal Cost
The augmentation in cost due to the manufacture of one additional unit of a product or service.
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