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After Christianity and Islam,which group is numerically the third largest in the world?
Average Variable Cost
The total variable costs divided by the quantity of output produced, representing the variable cost per unit.
Marginal Cost
The additional cost incurred by producing one more unit of a good or service.
Fixed Costs
Costs that do not vary with the level of output or production in the short term, such as rent or salaries.
Variable Costs
Expenses that vary directly with the level of production or sales volume, such as materials and labor.
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