Examlex
Although racism and discrimination can create social problems, they are not significant sources of ongoing or chronic stress for those who are discriminated against on the basis of their race.
Average Total Cost (ATC)
The sum of all the production costs divided by the quantity of output produced, representing the per unit cost of production.
Average Variable Cost (AVC)
The total variable costs of production divided by the quantity of output produced, indicating the average cost of producing each unit excluding fixed costs.
Marginal Cost (MC)
The expense incurred from manufacturing an extra unit of a product or service.
Marginal Revenue
The additional income that a firm earns from selling one more unit of a good or service, critical for determining optimal production levels.
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