Examlex
All of the following are examples of basic dyes except
Average Total Cost
The total cost of production (fixed and variable costs) divided by the quantity of output produced.
Marginal Revenue
The augmented income obtained by selling one more unit of a good or service.
Marginal Cost
The increase in total cost that arises from producing one additional unit of output.
Competitive Market
A market structure characterized by a large number of buyers and sellers, such that no single participant can significantly influence price.
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