Examlex
Is the synthesis of ozone, ,from oxygen, ,an example of an exothermic or endothermic reaction?
MC
Marginal Cost, the change in total production cost that comes from making or producing one additional unit.
AFC
AFC, or Average Fixed Cost, is the total fixed costs of production divided by the quantity of output produced.
Output
The total amount of goods or services produced by a company, industry, or economy within a specified period.
Fixed Costs
Expenses that do not change with the volume of output, such as rent, salaries, and insurance premiums.
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