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Genetic traits are the only factors that influence the development of obesity
Average Fixed Costs
Production's steady costs, unchanged by the amount of production, divided across the output quantity.
Total Variable Costs
The overall expenses that vary directly with the level of production output, such as raw materials and labor.
Marginal Cost
The escalation of full cost associated with manufacturing an additional unit of a good or service.
Output
The amount of products or services that a company, sector, or nation generates over a specific period of time.
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