Examlex
When a more or less faithful reproduction of behavior as it originally occurred is recorded in either written form or through the use of audio or video recording,the resulting description of behavior in an observation study is called a
ATC
Average Total Cost, which is the total cost divided by the quantity of output produced, representing the per unit cost of production.
Diminishing Returns
A rule which posits that when investment in a specific sector grows, the profit rate from that investment will not continue to rise past a certain threshold if all other factors are kept unchanged.
AVC
Average Variable Cost is the total variable cost per unit of output.
ATC
Average Total Cost; the per-unit cost of production, calculated by dividing the total cost by the quantity of output produced.
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