Examlex
Describe the purpose of two different types of expansion cards.
Fixed Costs
Expenses that do not vary with the level of output or sales, such as rent, salaries, and insurance.
Marginal Costs
The hike in total financial outlay required for the fabrication of one additional unit of a product or service.
Variable Costs
Costs that change in proportion to the level of production or business activity, such as raw materials and direct labor expenses.
Average Total Cost
The total cost of production divided by the quantity of output produced.
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