Examlex
What is the zone of proximal development (ZPD)? What are its lower and upper limits? How can one use peer scaffolding to teach children mathematics within the zone?
MC
The additional cost of producing one more unit of a product or service.
TVC
Total Variable Cost, which refers to the total of all costs that vary with output level in the short term.
Formula
A mathematical relationship or rule expressed in symbols, often used to calculate and predict outcomes.
Marginal Cost
The expense associated with the manufacturing of an extra unit of a product or service.
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