Examlex
The magazine Desperate Wives publishes a survey of its female readers called "The Sex Life of the Canadian Wife." It reports that 87 percent of all wives like to make love in rubber boots.A more accurate title for this survey would be:
TC
Total cost, which encompasses all the expenses associated with the production of goods or services, including both fixed and variable costs.
ATC
Average Total Cost, which is the total cost of production divided by the quantity of output produced.
AVC
Average Variable Cost; the total variable cost divided by the quantity of output produced.
MC
MC often stands for Marginal Cost, which is the cost of producing one additional unit of a good.
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