Examlex
For pretrial preparation, the paralegal needs
Total Cost
The sum of all expenses, variable and fixed, incurred in producing goods or services.
Average Fixed Cost
The total fixed costs of production divided by the quantity of output produced, typically decreasing as production scale increases.
Average Variable Cost
The total variable costs (costs that change with output level) divided by the quantity of output produced.
AVC
Average Variable Cost; the cost of variable inputs divided by the quantity of output produced.
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