It also stimulates production of IGF-1. GH is used as a prescription drug in medicine to treat children's growth disorders and adult growth hormone deficiency. In the United States, it is only available legally from pharmacies, by prescription from a doctor.
Marginal cost is the change in total cost when another unit is produced; average cost is the total cost divided by the number of goods produced. Distinguish between marginal and average costs. The marginal cost is the cost of producing one more unit of a good.
Minimum Average Total Cost For a U-shaped average total cost curve, average total cost is at its minimum level atthe bottom of the U. Economists call the quantity that corresponds to the minimum 9 CHAPTER 8 SECTION 2: TWO KEY CONCEPTS: MARGINAL COST AND AVERAGE COST.verage variable cost, or AVC, is variable cost divided by the quantity of out- 6 CHAPTER 8 SECTION 2: TWO KEY CONCEPTS: MARGINAL COST AND AVERAGE COSTA U-shaped average total costcurve falls at low levels of output,then rises at higher levels.