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If there are floods or droughts or a decrease in the availability of raw materials
Average Total Costs
The cost of producing each unit, calculated by dividing the overall production expense by the number of units produced.
Average Variable Costs
The total variable costs of production divided by the number of units produced, highlighting how variable costs change with output levels.
Average Total Costs
The total cost of production divided by the total quantity produced, representing the average cost per unit.
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