Please help me to define the following terms: Short run cost Fixed cost total cost Average variable cost (AVC) Marginal cost Please do not use

Please help me to define the following terms:

Short run cost

Fixed cost

total cost

Average variable cost (AVC)

Marginal cost 

Please do not use definitions that exist in the sites, I need definition In a simplified manner that is easy to understand other than those in the sites.

Thanks in advance

1. Short run costs in economics refers to a period when all factors of production and theirrespective costs are variable2. Fixed costs in economics refers to the particular cost that do not…

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