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Workers
Individuals engaged in physical or mental activities aimed at producing goods or providing services in exchange for wages.
AVC
Stands for Average Variable Cost, which is the per-unit cost of production excluding fixed costs, changing with the level of output.
Output
The total amount of goods or services produced by a person, machine, or industry.
Total Fixed Cost
The sum of all expenses that remain constant regardless of the level of production or output in a business operation.
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