Examlex
What are cross-national comparisons?
Output
The cumulative sum of products and services generated by an economy.
Average Fixed Cost
The set expenses associated with production (not influenced by production scale) distributed over the number of items produced.
Marginal Cost
The increase in total production costs resulting from producing one additional unit of a product or service.
Variable Cost
Charges that adjust according to the volume of goods produced or services provided.
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