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Which of the following are factors affecting the success of a project?
Fixed Costs
Costs that do not change with the level of output or production, such as rent, salaries, and loan payments.
Output Level
The total amount of goods or services produced by a business, sector, or economy within a specific timeframe.
Average Variable Cost
The total variable costs (like labor and materials) divided by the quantity of output produced, indicating the variable cost per unit.
Variable Cost
Costs that change in proportion to the activity of a business, such as materials and labor costs.
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