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Match Each Term Below with Its Description

question 12

Multiple Choice

Match each term below with its description
-Separate department with direct or indirect connections to OR suite where instrument decontamination, assembly, and sterilization takes place and may include hospital materials storage


Definitions:

Average Total Cost (ATC)

The total cost of production (fixed and variable costs) divided by the total quantity of output produced.

Marginal Cost (MC)

Marginal cost is the increase in total cost that arises from producing one additional unit of a product or service.

Marginal Revenue (MR)

The enhanced earnings from distributing an additional unit of a good or service.

Total Costs

The sum of all expenses incurred in the production of goods or services.

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