Examlex
Microsoft OneNote is a type of _____ software.
Fixed Costs
Costs that do not change with the level of output produced by a firm, such as rent and salaries.
Variable Costs
Expenses that change in proportion to the production output or sales volume of a company.
AVC
Average Variable Cost, calculated by dividing the total variable costs by the quantity of output produced.
AFC
Average Fixed Costs, which represent the fixed costs per unit of output, calculated by dividing total fixed costs by the number of units produced.
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