Examlex
A chocolate bar bought while standing in the checkout line is an example of staples.
Average Total Cost
The total cost to produce a given quantity of output divided by the number of units produced, representing the per-unit cost of production.
Marginal Cost
The increase or decrease in the total cost that arises from producing one additional unit of a good or service.
Sales
The activity or business of selling goods or services, generating revenue for companies.
Implicit Costs
The opportunity costs of using resources owned by the firm for its own use rather than selling those resources.
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