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If we assume that the level of output remains unchanged,which of the following could cause a decrease in average total,average variable,and marginal costs?
Net Income
The residual income of a business post all deductions, including taxes and expenses, from its gross income.
Net Sales
The total revenue generated from sales activities after deducting returns, allowances, and discounts.
Days' Sales in Inventory
A financial ratio that indicates the average time in days that a company takes to turn its inventory into sales.
Ending Inventory
The overall value of products for sale at the close of a fiscal period.
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