Examlex
Draw and label a generic microbial growth curve, including the points at which metabolites are formed.
TR
Total Revenue, the total income received by a firm from sales before any expenses are subtracted.
TC
Total cost, which encompasses all the expenses associated with the production of goods or services, including both fixed and variable costs.
ATC
Average Total Cost, which is the total cost of production divided by the quantity of output produced.
AVC
Average Variable Cost; the total variable cost divided by the quantity of output produced.
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