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Patty supports a sustainability initiative at her bank to be paperless.Each time the bank issues checks or sends out a paper statement,it includes a promotion asking customers to support methods that eliminates paperwork.She encourages customers to use debit cards,smart cards,direct deposit and direct payments,as well as online statement retrieval.All of these tools are used in conjunction with the bank's ________________.
Average Total Cost
The total cost of production divided by the quantity of output produced, indicating the cost per unit of output.
Average Variable Cost
The total variable cost divided by the number of units produced, reflecting the variable cost of producing each unit.
Marginal Cost
The cost of producing one additional unit of a good or service, often considered in decision-making about production levels.
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