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Their Tolerance of ___________ Won the Persians the Loyalty of Their

question 60

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Their tolerance of ___________ won the Persians the loyalty of their subjects.


Definitions:

Marginal Costs

The increase in total cost that arises from an extra unit of production.

Average Variable Costs

The total variable costs (costs that change with output level) divided by the quantity of output produced.

Average Total Costs

The total cost of production divided by the number of units produced, indicating the cost per unit.

Average Fixed Costs

The fixed costs of production divided by the quantity of output produced; these costs do not vary with the level of output.

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