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The vision of older adults can be affected by age-related changes. One of these changes, which can make steps or street curbs difficult to manage, is a decline in
Average Fixed Costs
The total fixed costs divided by the quantity of output produced, indicating the cost per unit that does not change with output level.
Average Total Costs
The cost of producing each unit, calculated by dividing the entire production cost by the total number of units made.
Marginal Cost
The increase in cost that arises from producing one additional unit of a good or service.
Output
The quantity of goods or services produced in a given time period by a firm, industry, or country.
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