Examlex
Which of the following fruits provides high amounts of potassium?
Average Variable Cost
The cost per unit of output that varies with the level of production, excluding fixed costs.
Average Total Cost
The sum of average variable costs and average fixed costs (costs that do not change with the level of output) divided by the quantity of output, representing the total cost per unit of output.
Average Fixed Cost
Permanent production expenses, which don't fluctuate with output changes, divided by the output number.
Marginal Cost
The increase in cost that arises from an additional unit of production.
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