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Consider three galaxies,Alpha,Beta and Gamma.An observer in Beta sees the other two galaxies each moving away from him in opposite directions at speed 0.70c.At what speed would an observer in Alpha see the galaxy Beta moving?
AVC Curve
A graph representing the average variable cost of producing different quantities of output, typically U-shaped due to economies and diseconomies of scale.
Short-run Shut-down Price
The price level at which a firm's total revenue is equal to its variable costs, below which it should cease operations.
Short-run Supply Curve
Represents the relationship between the price of a good and the quantity supplied over a short period, during which at least one input is fixed.
Marginal Cost Curve
A graphical representation of the change in total cost that arises when the quantity produced changes by one unit.
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