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A sub-problem in a B & B is solved and found infeasible. Should the B & B algorithm continue further analysis on this candidate problem?
Cost Curves
Graphs that depict the relationship between the cost of producing goods and the quantity produced.
TR
Total Revenue, the total income received by a firm from sales before any expenses are subtracted.
TC
Total cost, which encompasses all the expenses associated with the production of goods or services, including both fixed and variable costs.
ATC
Average Total Cost, which is the total cost of production divided by the quantity of output produced.
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