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The Spotlight team investigation into mental illness in Massachusetts found that:
Average Total Cost (ATC)
The total cost of production divided by the total quantity produced, representing the per unit cost.
Total Cost
The complete amount of money spent on producing or purchasing goods and services, including both fixed and variable costs.
Output
The amount of goods or services produced by a person, machine, factory, country, etc.
Marginal Cost Curve
A graph that displays the cost of producing each additional unit, typically showing how marginal cost changes as production increases.
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