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The relationship between MC and AC can best be described as
Opportunity Cost
The foregone benefit that could have been achieved from options not chosen when selecting one among several alternatives.
Property Taxes
Taxes assessed on real estate by local government, based on the property's value.
Contribution Margin
The amount remaining from sales revenue after all variable expenses have been deducted.
Photo-prints
Photographic images produced on paper or other substrates from digital or film originals.
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