Examlex
Explain how parents and teachers can utilize Vygotsky's ideas to help children to become more skillful learners.
Marginal Cost
Marginal cost is the additional cost incurred by producing one more unit of a good or service.
Average Total Cost
The cost of producing all items, when divided by the total amount of items produced, shows the cost for each unit produced.
Average Variable Cost
The cost of variable inputs (e.g., raw materials and labor) divided by the total output, showing how variable costs change with output levels.
Market Price
The existing rate at which a service or asset is available for purchase or sale in the market.
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