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Identify the Letter of the Choice That Best Matches the Phrase

question 45

Multiple Choice

Identify the letter of the choice that best matches the phrase or definition.
-Word feature that fixes errors as you type them in the document.


Definitions:

Increasing Returns

An increase in firm’s output by a larger percentage than the percentage increase in its inputs.

MC

Marginal Cost, the change in total production cost that comes from making or producing one additional unit.

ATC

Average Total Cost, which is the total cost divided by the number of goods produced, representing the per-unit production cost.

AVC

Average Variable Cost; the total variable cost divided by the quantity of output produced, indicative of variable costs per unit of output.

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