Examlex
The region where snow accumulates on a glacier is called the zone of ablation.
Marginal Costs
Marginal Costs represent the change in total cost that arises from producing one additional unit of a good or service.
Average Variable Costs
The cost per unit of variable inputs divided by the total output, indicative of the average amount spent on variable costs per unit of output produced.
TFC
Total Fixed Cost, which is the sum of all costs that remain constant regardless of the level of production or output.
TVC
Total Variable Costs, which are the costs that change with the level of production or service delivery.
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