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The hippocampus is shaped like a sea horse.
MR
Marginal Revenue, the increase in revenue that results from selling one additional unit of a product.
Average Total Costs
The total cost of production divided by the quantity produced, representing the per-unit cost of production.
Average Variable Costs
The sum of all variable production expenses divided by the amount of output generated.
Average Total Costs
The total of all production costs divided by the number of units produced, summarizing the per-unit cost of production.
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