Examlex
__________ occurs when members of minority groups come to identify with and feel a part of the mainstream culture.
TVC
The total expenses a firm incurs that increase or decrease with the level of output, essentially another term for total variable costs with a rephrased definition.
AVC
Average Variable Cost, which is the total variable costs divided by the quantity of output produced, reflecting the variable cost per unit.
MC
Marginal Cost, the increase or decrease in the total cost of a production run for making one additional unit of an item.
AFC
Average Fixed Cost represents the fixed expenses of a firm divided by the quantity of output produced.
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