Examlex
The idea of bringing members from different cultural groups together to improve intergroup relations and to reduce prejudice is:
Marginal Cost
The increase or decrease in the total cost that arises when the quantity produced is incremented by one unit.
Fixed Factor
A resource or input whose quantity cannot easily be changed in the short run.
Diminishing Returns
A principle stating that if one factor of production is increased while others are held constant, the output per unit of the variable factor will eventually decrease.
AVC
Average variable cost, which is the total variable cost divided by the quantity of output produced.
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