Examlex
Because they do not risk the lives of soldiers, drone strikes have very little opposition.
Marginal Cost (MC)
The increase in total cost that results from producing 1 more unit of output. Marginal costs reflect changes in variable costs.
Marginal Cost
The financial increment incurred by the production of an extra unit of a product or service.
Average Total Cost
It refers to the total cost per unit of output, calculated by dividing the total cost of production by the number of units produced.
Efficient Mix
An allocation of resources that maximizes the total utility to society, where no individual can be made better off without making someone else worse off.
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