Examlex
A special template slide that defines items such as the fonts and placement of footers is called the ________.
AFC
Average Fixed Cost, which is the fixed costs of production spread out over the number of units produced, declining as production increases.
Average Total Cost
The total costs of production divided by the total output, giving the cost per unit of output calculated by adding fixed and variable costs and dividing by the number of units produced.
Fixed Cost
Costs that do not fluctuate with the level of production or sales, such as rent, salaries, and insurance premiums, remaining constant regardless of the output level.
Marginal Cost
The expense incurred from the production of an extra unit of a product or service.
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