Consider the following hypothetical data for a developing country.
Does this country have a debt crisis? What additional pieces of quantitative or qualitative evidence?(if any) would help you to decide?
Definitions:
Marginal Costs
The additional cost incurred by producing one more unit of a good or service.
Fixed Costs
Costs that do not change with the level of output or sales, such as rent, salaries, and insurance, remaining constant regardless of business activity levels.
Marginal Product
The increase in output that results from employing one more unit of a particular input, holding all other inputs constant.
Average Total Cost
The total cost of production divided by the quantity of output produced. It includes both fixed and variable costs.
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