Examlex
An increasing number of companies are considering their relationships with customers as financial assets.
Marginal Cost Curve
A graphical representation showing the change in total cost produced by making one additional unit of a good or service.
Average Variable Cost
The total variable cost of producing goods divided by the quantity of goods produced.
Law of Diminishing Marginal Returns
A rule of economics that asserts when a single production element is expanded and the rest stay unchanged, there will ultimately be a decline in total output after reaching a specific threshold.
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