Examlex
What do we call the sum total of all the chemical reactions that take place in your body?
Output
The amount of something produced by a person, machine, or industry.
Average Cost
The total cost divided by the quantity produced, measuring how much on average each unit of output costs to produce.
Average Fixed Cost
The total fixed costs of production divided by the quantity of output produced; it decreases as production increases.
Average Variable Cost
The total variable cost divided by the quantity of output produced, indicating the variable cost of producing each unit of output.
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