Examlex
Match the terminology of the PASS method when correctly operating a fire extinguisher.Correctly complete the sentence.
-________ at the base of the fire (not at the flames) .
Average Variable Cost
The variable cost per unit of output.
Average Variable Cost
The variable costs associated with production, when divided by the number of units produced, indicate the cost per unit.
Marginal Cost
The cost of producing one additional unit of a good or service, an important concept in economics for determining the optimal level of production.
Average Total Cost
The total cost to produce a given quantity of output divided by the quantity of output produced; it includes all opportunity costs.
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