Examlex
For Rawls,the second stage of moral development is morality of association.
Variable Cost
Costs that change in direct proportion to changes in the levels of production or sales activities, such as materials and labor costs.
Relevant Range
The range of activity or volume over which the assumed cost behavior is valid, beyond which cost patterns and relationships may change.
Average Costs
The total costs divided by the number of units produced, giving a per unit cost average.
Total Variable Cost
The sum of all costs that vary with output level, including materials, labor, and other costs that increase with production volume.
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