Examlex
This constitutional amendment states, "The right that no warrants shall issue but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized."
Marginal Revenue
The additional income generated from selling one more unit of a good or service, crucial in determining the most profitable level of production.
Average Total Cost (ATC)
The sum of all the production costs divided by the quantity of output produced, representing the per unit cost of production.
Average Variable Cost (AVC)
The total variable costs of production divided by the quantity of output produced, indicating the average cost of producing each unit excluding fixed costs.
Marginal Cost (MC)
The expense incurred from manufacturing an extra unit of a product or service.
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