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You can touch a 100,000-volt Van de Graaff generator with little harm because although the voltage is high,the relatively small amount of charge means there is a relatively small amount of
Average Total Cost
The total cost per unit of output, calculated by dividing the total cost of production by the total quantity produced.
Average Variable Cost
The variable cost (e.g., labor, materials) per unit of output, calculated by dividing total variable costs by the number of units produced.
Average Total Cost Curve
A graphical representation showing how the cost per unit of producing a good changes with the level of output.
Marginal Cost
The increase in cost that arises from producing one additional unit of a product or service.
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