Examlex
For each of the following pedigree symbols, select the correct meaning.
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Average Variable Cost
The sum of all variable expenses divided by the total output, indicating the cost of variable elements for each unit produced.
Accounting Profit
The net income for a company calculated by subtracting total expenses from total revenues.
Interest Rate
The amount charged, expressed as a percentage, by a lender to a borrower for the use of assets.
Sunk Costs
Expenses that have already been incurred and cannot be recovered.
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