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Local lords most frequently developed power bases in areas of western Europe where:
Average Fixed Cost
The total fixed costs of production divided by the quantity of output, showcasing how fixed costs per unit change with production levels.
Output
The total quantity of goods or services produced by a firm, industry, or economy in a specific period.
Variable Inputs
Inputs or resources whose usage changes according to the level of production.
Unit Costs
The cost incurred by a company to produce, store, and sell one unit of a particular product or service.
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