Examlex
____ is composed of at least two dimensions: (1) trust in the product and (2) satisfaction with the customer.
Total Fixed Cost
The sum of all costs that do not change with the level of output produced; these costs are incurred even if production is zero.
Marginal Cost
The increase in cost resulting from the production of one additional unit of a good.
Variable Cost
Costs that change in proportion to the level of activity or volume of production in a company.
AVC
Average Variable Cost, which refers to the total variable cost per unit of output in a business, where variable costs change with the level of production.
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