Examlex
Some reoviruses are transmitted by insects and are therefore examples of arboviruses.
AVC
Average Variable Cost, the total variable cost divided by the quantity of output produced.
AFC
Average fixed cost, or the total fixed costs divided by the quantity of output produced, indicating how fixed costs per unit change with production levels.
MC
The additional cost incurred for producing one more unit of a good or service; it's synonymous with marginal cost.
Marginal Cost
is defined as the increase in total production cost that arises from producing an additional unit of a good or service.
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