Examlex
Explain some important criteria to consider before granting credit to a prospective borrower.
Average Fixed Costs
The total fixed costs divided by the quantity of output produced; they decrease as output increases.
Silk Flower Arrangements
Artificial floral displays made from silk or similar synthetic materials, often used as decorations.
Variable Cost
Costs that change in proportion to the level of activity or volume of goods produced in a business.
Marginal Cost
The increase in cost that arises from producing one additional unit of a good or service.
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