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All taxpaying American citizens automatically have the right to begin any lawsuit in any court they choose.
Average Total Cost
The average total cost is the total cost of production divided by the quantity of output produced.
Marginal Cost Curve
A visual diagram that illustrates the variation in the cost to produce an additional unit of a product as the quantity produced changes.
Average Total Cost Curve
A curve that shows the average cost per unit of output at different levels of production; it typically has a U-shape.
Marginal Cost
The climb in cost associated with generating another unit of a product or service.
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