Examlex
The compact central nucleus of an atom contains ____ and ____.
Average Cost
The total cost of production divided by the number of goods produced, also known as unit cost.
Marginal Cost
The increase in total cost that arises from an extra unit of production.
Elasticity
A measure of how much the quantity demanded or supplied of a good responds to a change in price or other factors.
Long-run Profit
The amount of financial gain achieved over a longer period, taking into account all fixed and variable costs.
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