Examlex
A higher price level would mean ____ for a person who has a bank deposit of $2 million.
Average Total Cost
Total cost divided by the number of units produced, representing the cost per unit of output.
Average Total Costs
The sum of all the production costs divided by the quantity of output produced, representing the per-unit cost of production.
Average Variable Costs
Costs that vary with the level of output, divided by the quantity of output produced, indicating the variable cost per unit.
Total Fixed Costs
The sum of all costs that remain constant regardless of the level of production or sales in a company.
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