Examlex
Analyze why FDR launched a Second New Deal in 1935. How did it differ from the first?
Average Variable Cost
Average variable cost is the total variable cost of production divided by the number of units produced, indicating the variable cost per unit.
Average Variable Cost
The total variable costs (costs that change with production volume) divided by the number of units produced.
Average Product of Labor
The output produced, on average, by one unit of labor, such as one worker or one hour of work.
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