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According to your text, which continent has the %distinction of being the heaviest drinkers in the world?
Output
Refers to the total amount of goods or services produced by an individual, company, or economy.
AVC
Average Variable Cost, the total variable costs divided by the quantity of output produced.
AVC
Average Variable Cost refers to the sum of all variable expenses incurred when producing an item, divided by the number of units produced.
ATC
Average Total Cost is determined by dividing the overall cost by the output quantity produced.
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