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The slope of a line that passes through the points (5,8) and (12,12) is
Fixed Cost
Costs that do not change with the level of production or sales, such as rent or salaries.
Marginal Costs
The cost incurred by producing one additional unit of a product or service.
Total Variable Cost
The sum of all costs that vary with the level of output in the short run.
Average Fixed Costs
The fixed costs of production (expenses that do not change with the level of output) divided by the quantity of output produced.
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