Examlex
There are 35 prime numbers smaller than 150.
Fixed Cost
Costs that do not change with the level of production or output, such as rent or salaries.
Average Fixed Cost
The fixed costs of production (costs that do not change with the level of output) divided by the quantity of output produced.
Average Total Cost
The total cost of production divided by the number of units produced, indicating the average cost per unit.
Average Revenue
The revenue generated per unit of output sold, calculated by dividing total revenue by the number of units sold.
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