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Which ad would be the least expensive?
Average Cost
The total cost of production divided by the number of goods produced, showing the cost of producing each unit.
Marginal Cost
The cost incurred to produce one additional unit of a product or service.
Average Costs
The total cost of production divided by the quantity produced, indicating the cost per unit of output.
Fixed Costs
Expenses that do not vary with the level of production or sales, such as rent, salaries, and loan payments.
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