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Which organization maintains the National Criminal Justice Reference Service (NCJRS) as a national clearinghouse of criminal justice information?
Average Total Cost
The total cost of production divided by the quantity of output produced, it includes all variable and fixed costs.
Fixed Capital
Long-term assets used in production, such as buildings, machinery, and equipment, which are not easily converted into cash.
Marginal Cost
The additional expenditure resulting from the production of an extra unit of a product or service.
Average Total Cost
The total costs of production (both fixed and variable costs) divided by the quantity of output produced, indicating the cost per unit of output.
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