Select the term from the list provided that best matches each of the following descriptions or definitions:
Definitions:
Average Variable Cost
The total variable cost divided by the quantity of output produced; it varies with production levels.
Average Fixed Cost
The constant expenses associated with production, which remain unaffected by the amount of goods produced, divided by the number of items made.
Average Variable Cost
The total variable cost of production divided by the quantity of output produced.
Average Total Cost
The total cost of production divided by the quantity of output produced, illustrating the average cost per unit of output.
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