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What are three things that customers will expect from customer service providers as we enter the 21st century?
Average Variable Cost
The total variable cost per unit of output, which includes costs that change with the amount of production.
Average Total Cost
The total cost of production divided by the quantity produced, indicating the per-unit cost of production.
Cost Curve
A graph showing the relationship between the cost of producing goods and the quantity produced.
Average Fixed Cost
Production's unchanging charges, unaffected by output levels, divided by the total output quantity.
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