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Aaron has started a food blog on which he wants to post his recipes.He wants to place a good quality image that corresponds to each cooking step.Which file format should he use so that users do not experience a lag in loading of the website because of high-quality images?
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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