Examlex
Perceiving objects as unchanging even as illumination and retinal images change is known as
Average Fixed Cost
The total fixed costs of production divided by the quantity of output produced, illustrating how fixed costs per unit change with output levels.
MC
Marginal Cost, the cost of producing one additional unit of a good.
ATC
Average Total Cost, which is the total cost of production divided by the quantity of output produced.
AVC
Average Variable Cost; the per unit variable cost associated with producing a good or service.
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