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Ronny Knowse,a two-year old boy,chronically develops severe bacterial infections,which must be treated with antibiotics.When infected with viral diseases,however,he recovers uneventfully.A possible explanation might be
Total Cost
The sum of fixed and variable costs incurred by a firm in the production of goods or services.
Variable Costs
Costs that change in proportion to the level of goods or services that a business produces.
Average Total Cost
represents the per-unit total cost of production, calculated by dividing the total cost by the quantity of output produced.
Variable Cost
Costs that change in proportion to the level of production or sales volume.
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